NACD - National Association of Corporate Directors

KPMG/NACD Quarterly Audit Committee Update

Date: June 26, 2014
Series: Audit Committee

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License to Access and Use


Before accessing a digital download on this website, National Association of Corporate Directors ("NACD") requires your affirmative assent to the following terms and conditions:

License: NACD hereby grants you a nonexclusive, non-transferable, non-sublicensable, limited license to view, save and print one (1) copy of each digital download (the "Works") for personal, noncommercial purposes, contingent upon your adherence to the following terms and conditions:

Ownership of Intellectual Property: At all times NACD will retain all right, title and interest in and to the Works, including without limitation, copyrights, trademarks and any other rights and interests. This license does not convey to you, your business, or your employer any right, title or interest in the Works, nor in any portion of the Works, but only constitutes a limited license to use the Works as specified herein.

Restrictions: You may not reproduce, copy, modify, publish, transmit, participate in the transfer or sale of, create derivative works from, distribute, publicly display, or in any other way exploit the Works, in whole or in part, other than as expressly set forth herein. You may not remove or alter any copyright or trademark notices referenced in the Works.

Your Acceptance: YOU ACKNOWLEDGE THAT YOU HAVE READ AND YOU UNDERSTAND THIS AGREEMENT AND ACCEPT AND AGREE TO THE TERMS AND CONDITIONS OF THIS AGREEMENT.


I have read this agreement carefully and understand its terms.

PLEASE NOTE: If the downloaded PDF does not open automatically in a new window, please check your Downloads folder.

License to Access and Use


Before accessing a digital download on this website, National Association of Corporate Directors ("NACD") requires your affirmative assent to the following terms and conditions:

License: NACD hereby grants you a nonexclusive, non-transferable, non-sublicensable, limited license to view, save and print one (1) copy of each digital download (the "Works") for personal, noncommercial purposes, contingent upon your adherence to the following terms and conditions:

Ownership of Intellectual Property: At all times NACD will retain all right, title and interest in and to the Works, including without limitation, copyrights, trademarks and any other rights and interests. This license does not convey to you, your business, or your employer any right, title or interest in the Works, nor in any portion of the Works, but only constitutes a limited license to use the Works as specified herein.

Restrictions: You may not reproduce, copy, modify, publish, transmit, participate in the transfer or sale of, create derivative works from, distribute, publicly display, or in any other way exploit the Works, in whole or in part, other than as expressly set forth herein. You may not remove or alter any copyright or trademark notices referenced in the Works.

Your Acceptance: YOU ACKNOWLEDGE THAT YOU HAVE READ AND YOU UNDERSTAND THIS AGREEMENT AND ACCEPT AND AGREE TO THE TERMS AND CONDITIONS OF THIS AGREEMENT.


I have read this agreement carefully and understand its terms.

PLEASE NOTE: If the downloaded PDF does not open automatically in a new window, please check your Downloads folder.

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Event Details

June 26, 2014

Issue Focus: Transitioning to COSO 2013: Considerations for the Audit Committee

Is your company on track to adopt COSO’s 2013 Internal Control Framework? Does management have a clear process and timeline? Is internal audit involved? Is the organization gaining a deeper understanding of its control environment and improving its risk assessment in the transition process? Tune-in to our next Quarterly Audit Committee Webcast for a dialogue with Jon Goode, Global Operational Controller, GE, and Sharon L. Todd, Audit Principal, KPMG, on transitioning to the new COSO 2013 Internal Control Framework—what’s changed (and what hasn’t), critical areas that may require particular attention, and key considerations for audit committees in monitoring management’s efforts and helping to ensure a timely and effective transition. This 60-minute Webcast will also cover the newly issued Revenue Recognition standard as well as legal/regulatory developments and insights from KPMG’s ACI.

Speaker Spotlight

  • Dennis T. Whalen(Host) –Partner in Charge & Executive Director, KPMG’s Audit Committee Institute
  • Jon Goode– Global Operational Controller, GE
  • Sharon L. Todd – Audit Principal, KPMG LLP
  • Paul H. Munter – Audit Partner, Department of Professional Practice, KPMG LLP
  • Peter R. Gleason – Managing Director and CFO, National Association of Corporate Directors
  • John Verdonck – Audit Partner, KPMG’s Audit Committee Institute

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Accreditation (Live attendance only)

1 NACD skill-specific credit

This webinar offers 1 skill-specific credit for attendees working toward attaining or maintaining their Governance Fellow or Board Leadership Fellow credential. Not yet a fellow? Discover which NACD fellowship is right for you.

Partner Information

Established in 1999, KPMG's Audit Committee Institute (ACI) provides information, resources, and knowledge-sharing opportunities to help audit committees and their boards enhance the effectiveness of the financial reporting process.

Contact KPMG

Any questions? Contact KPMG at 877-576-4224 or us-aciwebcast@kpmg.com.