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In each episode of our Year-end toolkit series, you’ll find something relevant to the year-end reporting process.

This week Heather Horn was joined by Stephen Parker, a partner in PwC’s Governance Insights Center, to discuss the ways that financial reporting teams can effectively contemplate and manage their audit committee reporting and communications process for year end.

In this episode you’ll hear them discuss:

5:24 - The core responsibilities of the audit committee
8:06 - The value of highlighting what’s new or changed
13:36 - Using dashboards effectively
19:02 - Prioritizing the agenda
23:02 - The topics top of mind for audit committees
26:51 - Audit committees focus on ESG
29:38 - Managing the “pre-read” materials
35:59 - Keeping current throughout the year
40:48 - Dealing with different styles of committee chairs and members
45:55 - Final tips to increase director engagement
48:36 - Heather tries to stump Stephen with some trivia

Want to learn more?

Listen to our previous podcasts in the Year-end toolkit series, Reminders from PwC’s National Office, Statement of cash flows, and Resolving complex issues.

Stephen Parker is a partner in PwC’s Governance Insights Center, which strives to strengthen the connection between directors, executive teams, and investors by helping them navigate the evolving governance landscape. With more than 30 years of experience, Stephen has advised boards of directors on a variety of complex financial reporting matters. Stephen’s client service experience has also included energy and utility companies, financial services companies, and nonprofits.

Heather Horn is PwC’s National Office thought leader, responsible for developing our communications strategy and conveying firm positions on accounting and financial reporting matters. She is the engaging host of PwC’s accounting and reporting weekly podcast and quarterly webcast series, as well as periodic webcasts for the power and utilities industry. With over 30 years of experience, Heather’s accounting and auditing expertise includes financial instruments and rate-regulated accounting.

Transcripts available upon request for individuals who may need a disability-related accommodation. Please send requests to us_podcast@pwc.com.

Year-end toolkit: Working effectively with audit committees 53:42 Share

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Year-end toolkit: Working effectively with audit committees