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General counsel’s checklist of the who, what and when of risk reporting

Tuesday, April 03, 2018 @ 8:48 AM | By Ellen Pekilis

Audit committees are increasingly challenged to find the right balance between oversight of financial reporting versus broader enterprise risk management (ERM). According to KPMG’s On the 2018 Audit Committee Agenda, more than half of the 800 audit committee members surveyed struggled to find sufficient time to devote to core financial oversight.

General counsel frequently have organizational responsibility for driving the ERM portfolio, as well as accountability for managing the smooth operations of the board in the role as corporate secretary. General counsel can play a key role...