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
A blog discussing the law, D&O, governance, liability and other aspects of public and private businesses, not for profit organizations, and governmental entities – see additional detail below - note: sometimes I post information just to pass it along on these topics (not an endorsement), and sometimes I provide only brief comments or no comments, not a more full discussion. 