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As organizations increasingly integrate generative AI into their financial reporting processes, important questions arise: when and how to invest in the right technology that can impact the speed of transformation and the capabilities of each organization. Given these changes, how can audit committees effectively fulfill their oversight responsibilities? This year's CAQ joint survey of audit committees found that 20% of respondents perceive audit committees to have primary oversight of artificial intelligence governance. As companies explore the transformative potential of artificial intelligence, the role of audit committees is expanding and taking on new oversight responsibilities. CAQ has published Audit Committee Oversight…

A structured annual evaluation of external auditors helps audit committees maintain audit quality, protect market confidence, and strengthen communication between the parties. The audit committee strengthens important safeguards by conducting a disciplined evaluation of the independence, technical proficiency, and overall performance of external auditors. High quality auditing is a shared responsibility that relies on strong and constructive dialogue between external auditors and audit committees. “Evaluating and appointing external auditors is one of the key responsibilities of audit committees, and it is important to follow a consistent process from year to year,” said Sara Grootwasink Lewis, director of Weyerhaeuser, Freeport-McMoRan, PwC,…

Audit committee responsibilities continue to grow as organizations grapple with new and ongoing challenges in an increasingly complex regulatory environment. These increased responsibilities are the focus for 2025 Audit committee implementation report , A collaboration between the Center for Audit Quality (CAQ) and Deloitte's Center for Board Effectiveness, we highlight the latest trends, priorities, challenges, and practices for promoting audit committee effectiveness based on our findings. Below are the key takeaways from this year's report. What are the top priorities for the audit committee? The demographics of survey respondents are consistent from year to year: Of the 237 participants, 89%…

The impact of artificial intelligence (AI) has dominated business headlines in recent years, from streamlining corporate operations to bringing new products to the masses. Big technology companies are investing billions of dollars in AI data centers to support the growing demand for AI, and that demand shows no signs of slowing down. Publicly traded companies across industries are also investing heavily in this technology, embedding AI into their daily operations, business processes, and customer experience. But for these investments to be successful, the element of trust is essential. Stakeholders, from investors and regulators to employees and consumers, want to know…

This is an excerpt from the November/December issue of the Center for Audit Quality's Audit Committee Insights newsletter series. Read the full version of this month's newsletter here. Subscribe Check out this newsletter series for the latest updates and resources for audit committee members. we dashed line We are evenly matched until the end of the year. Walk through a winter wonderland in Washington DC this December. This edition of Audit Committee Insights is packed with resources published by stakeholders. Oh, what fun! It was come to town To keep audit committees informed this holiday season, we have a fresh…

To be successful, public-private organizations must be as agile and financially disciplined as pure commercial enterprises. It's a familiar approach to Owen Burwell, chief financial officer of BioMADE (Bioindustrial Manufacturing Design Ecosystem), a Department of Defense-funded institute working to strengthen the nation's bioindustrial manufacturing sector. BioMADE is co-headquartered in Minneapolis and Emeryville, California. Mr. Burwell, who joins from the U.S. Nuclear Regulatory Commission, brings decades of experience across the federal, public and private sectors spanning the energy, professional services, aerospace, commercial real estate and rail industries. He spoke with CFO leadership about their financial priorities for the year ahead, why…

Comprehensive surveys and casual anecdotes continue to show that CEOs' trust in their CMOs is waning. It's not that marketing isn't trying to do the right thing. CMOs understand their role as strategic drivers of pipeline, performance, and revenue. But more often than not, the conversation focuses on activity rather than impact. And that's creating a huge rift between CEOs and CMOs over the value of marketing's contributions. Whatever the cause, the impact of this gap is significant. CMO tenure continues to shrink. New titles are taking on more of the CMO's authority, and marketing budgets are being cut in…

The CEO Group invites you to a scheduled Zoom meeting.Topic: Board briefing: China inside outTime: January 27, 2026 11:00 AM Eastern Time (US and Canada)Join a Zoom meetinghttps://chiefexecutivegroup.zoom.us/j/84177788449?pwd=bwbhjaVGVhCxJCcSSlye0dajRJN61o.1Conference ID: 841 7778 8449Passcode: 664316—one tap mobile19292056099,,84177788449# United States (New York)13017158592,,84177788449# United States (Washington DC)Participation procedurehttps://chiefexecutivegroup.zoom.us/meetings/84177788449/invitations?signature=EoOrsBSR5tehkpe3ujcH4h-gY8aQ3wARuIfoOyh1J8Q—Understanding China at the start of the 15th Five Year Plan (2026-2030)Join the Corporate Executives Network for a strategic analysis of China's macro policy decisions at the start of the 15th Five-Year Plan, strongly shaped by the Chinese Communist Party's (CCP) Third Plenum in July 2024, which decided to accelerate reforms in the face of Donald Trump's…

While perfect visibility is elusive, Saidel-Baker expresses confidence that inflation will be a defining macro force in 2026. “Our forecast is for the consumer price index to be about 4.1 percent by yearend 2026,” she says. “That is nowhere near the 9 percent peak we had back in 2022, but obviously it’s much higher than 2 percent and not where the Fed wants it. All of that is going to limit how many more interest rate cuts we’ll be able to get from the Fed. I certainly don’t expect rate cuts too deep into the year, and I wouldn’t be…

Economic overview Figure 1: Key indicators and trends Source: Nasdaq Economic Research, FactSet AI stocks dominate market returns after strong performance Artificial intelligence (AI) has become a big topic in the market these days. The benefits are so great that some openly wonder if there is a bubble in AI. However, the data shows that over the past few years, stock returns (Figure 2, bars) have been driven primarily by revenue (Figure 2, circles) and not by multiple business expansions. The Nasdaq-100® is home to the Magnificent 7 stocks as well as Broadcom and AMD, making it the major stock…