2012 Audit Committee Roundtable Series – The New Business Integrity Challenge

Protecting Corporate Assets and the Brand in a Digitized, Global Environment

Patrick S. Bryant participated in KPMG’s Fall 2012 Audit Committee Roundtable Series – The New Business Integrity Challenge on Thursday, December 6 from 11:00 a.m. - 3:30 p.m.

In an increasingly digitized, global business environment – with supply chains, emerging technology, and strategic growth opportunities tightening the interconnection of businesses and markets, and cyber attacks growing more sophisticated and persistent every day – companies are more vulnerable than ever to fraud, misconduct, and compliance risk.

Coupled with the volume and complexity of new government regulations – and stepped-up enforcement around the globe – this new compliance and data-intense world poses a host of oversight challenges for audit committees and boards.

This Roundtable Series explored practical approaches for enhancing oversight in the new compliance and cyber-risk environment, including:

• How audit committees and boards are overseeing the company’s efforts to manage and mitigate the risks posed by the increasingly complex array of laws and regulations impacting companies doing business internationally.
• How audit committees and boards can help ensure that cyber risk is being properly managed and that the company’s intellectual property (IP) and digital assets are being protected.
• How companies are using technology and data analytics to provide “early warning” intelligence and help ensure the integrity of the organization and its assets.
• The role of the audit committee, board, and other standing committees in overseeing these business-critical issues. Does the audit committee have the time and expertise?