Staying Focused at the Top. - 4 0 16; Vollmer, Sabine; 5 Journal of Accountancy. 219 (4) : April/May 2015. pp. 72.
Abstract : In an interview, Olivia Kirtley, CPA, CGMA, new president and board chairman of the International Federation of Accountants, talked about on issues facing today's board of directors. Kirtley said in today's global and often unpredictable business environment, boards have an important and critical role to play in overseeing strategic and risk issues. Compliance is also a very challenging issue right now with all the regulatory activity and new laws. Cybersecurity is a very hot topic right now, There are a lot of industry-coordinated efforts to try to inform each other, so if it's being encountered at one company, other companies know about it, which helps with managing the issues. Boards are concerned with enterprise risk management plans and controls, and how management focuses on emerging issues. Boards always take an oversight and advice role. You want to make sure management is focused on the strategic vision and strategic direction and engages in the dialogue with the board.
Keywords: 2 -- 0; 6; Compliance -- Enterprise Risk Management; 20; 2