Audit Committees: The New Guardians of Risk

Audit committees are becoming more crucial than ever.

With risks evolving at an unprecedented pace, these groups are taking on greater importance. They are the watchdogs ensuring companies stay on the right path. The Institute of Internal Auditors (IIA) has just launched a new center to support them, offering tools, training, and resources to keep audit committees sharp.

Why the Urgency?

Risks are changing rapidly—cyber threats, financial instability, AI—and audit committees must stay ahead. They are leveraging new technologies to identify risks early. AI and analytics help them detect patterns and predict issues before they escalate.

Beyond Technology

It’s not just about tools. Audit committees must ask the right questions and challenge company leadership. Experts emphasize that audit committees should be curious and bold, not just accepting information at face value.

Big Moves in the CFO World

• Linda LaGorga is stepping down as CFO of Entegris, with Mike Sauer taking over as interim CFO.
• Hugo Doetsch is the new CFO at AuditBoard, bringing extensive experience to the role.

Corporate Reputation Leaders

Apple remains at the top, with Amazon and Microsoft close behind. These companies have maintained their leadership for years, setting the standard in a competitive landscape.