Critical audit matters (CAMs), major transactions, and special investigations

Board risk oversight, Corporate and board regulatory matters, Working with the internal and external auditor

Southwest Audit Committee Network, March 2019

Members of the Southwest Audit Committee Network (SWACN) gathered on February 13, 2019, for discussions on CAMs, oversight of major transactions, and special investigations. This Summary of Themes synthesizes those discussions.

Members also discussed the US Securities and Exchange Commission’s (SEC’s) request for comment regarding quarterly reporting, including the nature, content, and timing of earnings releases and quarterly reports.2 We will hold similar conversations on the request for comment with other networks and share the results separately.