gettyWith annual audits under way, the SolarWinds breach spotlights a couple of major corporate governance gaps—the urgent need for better IT controls and limited board audit committee tech expertise. At the audit committee level, KPMG’s most recent biannual Audit Committee Pulse Report ranked cyber risk atop corporate risk agendas. Here are five meaningful actions that boards, audit committees and executives should take to best prepare and protect their enterprises:1. The proxy statement reports that its CIO meets with the risk committee and the CFO meets with the audit committee. Audit committees need more tech expertise and CIOs should be updating them directly on IT controls.

Source: Forbes December 26, 2020 13:52 UTC