BoardMatters Quarterly, April 2010 - Ernst & Young - United States

This edition of BoardMatters Quarterly is dedicated to helping audit committees address the following issues that are quickly filling up board and audit committee meeting agendas:

• Sweeping changes on the horizon from the FASB and IASB. Now that the joint projects of the FASB and IASB are on a fast track, companies of every size and industry will likely see extensive changes to their financial statements.
• Business response to climate change: rising on the corporate agenda. How a company responds to the risks and opportunities of climate change and sustainability affects its brand, competitive position and profitability.
• Emerging issues in IT risk: is the company ready to address the challenges? Information and technology risk management requires the board and audit committee to understand how the company protects its most valuable asset: information.
• Are you covered? Directors and officers insurance considerations. Factors to consider when evaluating the quality of your D&O policy.