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Two-Way Communication, Now That's an Idea!

Sponsored By Candela Solutions, LLC

Topics:: Business Software > GRC; Compliance & Governance > Sarbanes-Oxley; Professional Services > Auditing

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Abstract:: Although one-way communication is often a reality, communication is more effectively viewed as a two-way process in the exchange of information for a mutual goal. My children frequently remind me of this when I quickly pre-judge them based on my sole perspective without their input. While a two-way communication process clearly makes sense, its integration in the business world is often not effective. This includes communications between a company�s board and its external auditor.

The Public Company Accounting Oversight Board (PCAOB) has set out to strengthen existing requirements for auditor communications with the audit committee through their proposed auditing standard, Communications with Audit Committees, issued March 29th, 2010 (PCAOB Release No. 2010-001). Now before you conclude that this is just another technical article for U.S. public companies, think again. This is an important topic for all organizations with a board of directors and an external auditor.

DETAILS

Sponsored by: Candela Solutions, LLC

Released: April 28, 2010

Length: 3 pages

Format: PDF (60 kb)

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