I’m passing this information along – worthwhile reading for audit committees – the following is a link to Deloitte’s Audit Committee Brief for December 2015, http://www2.deloitte.com/content/dam/Deloitte/us/Documents/center-for-corporate-governance/us-ccg-acbrief-december-2015-121615.pdf
Food for thought for audit committees.
Dave Tate, Esq. and licensed CPA in California (inactive), San Francisco/California