Audit Committees: How to Handle Scope Creep

Inside Americas Boardrooms

Since the Sarbanes-Oxley Act was enacted, audit committees have developed a strong reputation for overseeing process and procedures around critical audit and financial reporting issues. As a result, new risks of all kinds seem to find their way onto the audit committee agenda - a phenomenon known as 'audit creep.'

In this episode, Margaret Whelan, board member for Porch.com and PropTech Investment Corporation II, offers her insights and suggestions for overcoming audit creep:

  • What type of audit committee structure is optimal for handling risk mitigation and oversight?
  • What are the pros and cons of forming separate risk committees to handle risk issues outside of normal financial reporting?

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