The future of technology, a dialogue with the Financial Accounting Standards Board, and internal audit transformation

Accounting and financial reporting

West Audit Committee Network, October 2017

Boards and audit committee members are carrying out their oversight duties in an era of widespread change.  New technologies are transforming company structure and strategy, and new accounting standards changing the way companies disclose their performance. Members of the North and South chapters of the West Audit Committee Network met on September 27 and 28, 2017 for the network’s seventh annual joint meeting to discuss how they plan for the future and supervise rapid transformation. 

Crawford Del Prete, executive vice president and chief research officer at International Data Corporation (IDC), joined members to address the challenges and opportunities of new technologies. Financial Accounting Standards Board (FASB) member Hal Schroeder met with members to discuss the FASB’s current priorities and future focus areas. Members were also joined by Steve Singer, EY’s Global Advisory Internal Audit leader, for a conversation about the transformation of the internal audit function.