BDO In The Boardroom podcast

BDO in the Boardroom

BDO in the Boardroom podcast artwork

MBA Entrepreneur Business BDO USA Erica Orsini Corporate Governance

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Treść dostarczona przez Olivia Duffey and BDO USA. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Olivia Duffey and BDO USA lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

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<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/on-the-bus-with-troy-vollhoffer">On the Bus with Troy Vollhoffer</a></span> podcast artwork

<div class="span index">1</div> <span><a class="" data-remote="true" data-type="html" href="/series/on-the-bus-with-troy-vollhoffer">On the Bus with Troy Vollhoffer</a></span> podcast artwork

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On the Bus with Troy Vollhoffer

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Troy Vollhoffer, owner and founder of Country Thunder Music Festival, invites the biggest country artists to join him for a one-on-one celebrity interview “On the Bus”. As Troy opens his home, his tour bus, and festival venues to his audience for behind the scenes conversations, he asks exclusive questions, discusses festival do’s and don'ts, and highlights the tracks you will hear on stage at Country Thunder this summer. Guests include Dustin Lynch, Koe Wetzel, Tigirlily Gold, Dierks Bentley, Bailey Zimmerman, Jon Pardi, Ashley McBryde and countless other music industry legends, taking you backstage to share stories of their concerts, their careers, and their entertainment industry journeys. Be ready to be thunderstruck, On the Bus with Troy Vollhoffer.

BDO in the Boardroom

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Treść dostarczona przez Olivia Duffey and BDO USA. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Olivia Duffey and BDO USA lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

BDO in the Boardroom is a podcast series for the board of directors and those charged with governance. Each episode features a topical discussion with board peers and subject matter experts on both trending and timeless boardroom issues – mitigating risk in an increasingly digital world, navigating your board career, financial and ESG reporting, shareholder activism and more.

… continue reading

83 odcinków

#MBA #Entrepreneur #Business #BDO USA #Erica Orsini #Corporate Governance

BDO in the Boardroom

BDO in the Boardroom podcast artwork

BDO in the Boardroom

updated rok temu

Udostępnij

Źródło serii•Feed

Treść dostarczona przez Olivia Duffey and BDO USA. Cała zawartość podcastów, w tym odcinki, grafika i opisy podcastów, jest przesyłana i udostępniana bezpośrednio przez Olivia Duffey and BDO USA lub jego partnera na platformie podcastów. Jeśli uważasz, że ktoś wykorzystuje Twoje dzieło chronione prawem autorskim bez Twojej zgody, możesz postępować zgodnie z procedurą opisaną tutaj https://pl.player.fm/legal.

BDO in the Boardroom is a podcast series for the board of directors and those charged with governance. Each episode features a topical discussion with board peers and subject matter experts on both trending and timeless boardroom issues – mitigating risk in an increasingly digital world, navigating your board career, financial and ESG reporting, shareholder activism and more.

… continue reading

83 odcinków

#MBA #Entrepreneur #Business #BDO USA #Erica Orsini #Corporate Governance

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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BDO in the Boardroom Podcast with Myrna Soto: What Should Be On Today’s Nomination & Governance Committee Agenda? 40:45

15 weeks temu40:45

40:45

Key Takeaways: Engaging with Stakeholders: Consider the importance of addressing every inbound inquiry, whether from activists, institutional investors, or shareholders. This involves methodical rigor and balanced engagement to understand and address the underlying concerns. Evaluating Board Performance: Allows for continuous evaluation of board performance, effectiveness, and skills. This includes assessing vulnerabilities and ensuring that the board is equipped to address current trends and macro-environmental impacts. Succession Planning: Nom/Gov committee plays a critical role in defining long-term succession objectives and plans and considering the viability of leadership in multiple levels of the organization for selection, retention, and refreshment/removal of the CEO, C-suite along with the “plus 1’s and 2’s (next level management) as well the board itself. This involves evaluating the needs of the organization and ensuring there are no critical skills gaps. Committee Structure and Allocation: Be accountable for reviewing and optimizing the allocation of responsibilities among all standing and potential other committees of the board. This includes considering rotations and refreshes based on a rationale thought process. 5. Corporate Resilience, Culture, and Talent Management: Stress the importance of focusing on the futureproofing of the company by ensuring good due diligence, strong corporate culture, and effective talent management across the organization. This includes considering evolving and shifting regulatory, competitor, and M&A landscapes while integrating new technologies and understanding their impact on people and culture.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Post-Election and Corporate Tax Considerations for Boards 18:19

16 weeks temu18:19

18:19

To prepare for potential continuation of and/or changes in tax regulations, boards should be taking a vigilant watch and see approach and monitoring respective timing, effective dates and expiration dates: Confer with management to review financial models – e.g., changes in tax rates, deductions, credits, and exclusions. Get regular updates on tax policy changes to anticipate potential impacts on international and global tax strategies. Weigh the more likely scenario that legislative activity taken may allow more permanent actions to extend expiring provisions under current tax laws. Understand the organization's tax risk management policies, focusing on compliance, reporting, and consulting to assess how changes in tax law or procedure could affect the company’s risk profile. Consult with external tax advisors to stay abreast of tax policy changes and ensure coordination with the organization's internal tax team.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Board Oversight in Action: Navigating Investigations and Mitigating Penalties 18:39

19 weeks temu18:39

18:39

Key Takeaways: The SEC and DOJ are imposing record-breaking financial penalties to hold wrongdoers accountable for misconduct, while also offering credit to those who proactively self-monitor, self-report, and remediate misconduct. As highlighted by recent cases, internal investigation procedures and remedial actions are commonly cited as key factors related to the regulator’s view of cooperation and the determination of reduced penalties. Boards must ensure the company has established protocols and resources to identify, investigate, discipline, and remediate violations of laws, regulations, or company policy. Conducting a timely and thorough internal investigation can demonstrate to regulators the Board’s commitment to compliance, potentially helping to avoid or reduce penalties and support a healthy compliance culture. Where misconduct is identified, the board must determine suitable corrective measures and establish an action plan. Related Resources: Podcast: Audit Committee: Alleged Fraud, Now What? Archived Webinars: The Board’s Oversight of Fraud…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Pre-Election Tax Considerations for Board of Directors 17:17

29 weeks temu17:17

17:17

Key Takeaways and Tax Planning Points: To prepare for changes in tax regulations, boards should: Confer with management to review financial models – e.g., changes in tax rates, deductions, credits, and exclusions. Stay informed on tax policy changes and reviewing with management to understand realistic scenarios. Consider the possibility of a divided government scenario, which may result in sluggish legislative activity and short-term extenders for expiring provisions. Understand the organization's tax risk management policies, focusing on compliance, reporting, and consulting to assess how changes in tax law or procedure could affect the risk profile. Get regular updates on tax policy changes, especially after the election, to anticipate potential impacts on international and global tax strategies. Ensure that tax policy aligns with the firm's social policies, particularly in relation to ESG policies and tax credits promoting certain behaviors or investments. Consult with external tax advisors to stay abreast of tax policy changes and ensure coordination with the organization's internal tax team. Resources: 2024 BDO Tax Strategist Survey…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Overseeing the Use of GenAI in Financial Reporting 19:54

35 weeks temu19:54

19:54

Key Takeaways: GenAI can be used to enhance the efficiency and effectiveness in financial reporting and internal controls over financial reporting. Currently, GenAI can help with tasks such as drafting financial statement disclosures, summarizing key contract terms, categorizing expense transactions, and preparing travel and expense reports. However, GenAI is predictive technology that provides users with a probable response, so it’s not going to be 100% accurate and requires human oversight, review, and judgment. Boards should consider the rigor of their GenAI-related governance policies for: - Responsible, ethical use - Expertise and training requirements - Data privacy and security requirements - Deployment, technology testing, and monitoring - Mitigating fraud, legal, regulatory and associated compliance risks Boards should engage in critical conversation with management about their decisions to use GenAI and how they are assessing related risks, including risk introduced by third parties, and the need for new/enhanced controls. Boards should also apply an appropriate risk framework. Asking the auditor how audit procedures are being adjusted to evaluate significant risks associated with use of data and the GenAI models in developing estimates, judgments and other information that has an impact financial reporting and disclosure. This would further include understanding technologies that the auditor may be using to perform their audits. Additional Resources: • CAQ Publication: Auditing in the Age of AI • CAQ Audit in Action: The Age of Generative AI: How the Profession Can Respond…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Audit Committee: Alleged Fraud, Now What? 34:32

39 weeks temu34:32

34:32

Key Takeaways: Audit Committees should have a playbook when allegations of fraud arise. The Audit Committee’s response level to a particular allegation will depend on the scope of the allegation and the corporate environment. Determining when an independent investigation is necessary and how independent it needs to be is determined by the context of fraud allegations. Timeliness is critical. Care should be taken in communicating with stakeholders.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Audit Firms Changing Their Business Models– What Audit Committees May Want to Know 14:42

44 weeks temu14:42

14:42

Key Takeaways: One of the roles of a board of directors is to continually assess the company and make decisions in the best interest of sustaining value for the long-term. Decisions to change business models should be weighed against the core purpose of the organization. Significant strategic changes necessitate the board to broadly evaluate the impacts on significant internal and external stakeholders. References: SEC Chief Accountant Statement: Audit Independence and Ethical Responsibilities: Critical Points to Consider when Contemplating and Audit Firm Restructuring BDO as an ESOP Company…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Measuring Culture Within Your Organization 23:39

51 weeks temu23:39

23:39

Key Takeaways: Culture is a team sport that requires the right data for the right stakeholder (including the Board). Protecting culture is just as important as strengthening your culture. There is a measurable ROI to culture. A proxy for culture is measuring organization effectiveness. Resources: Nominating & Governance Committee Priorities for 2024: Excelling in Board Leadership CalPERS, Schroders Launch Framework Tying Human Capital Management and Value…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Are You Prepared for New Sustainability Laws in California? 30:59

1 year temu30:59

30:59

Key Takeaways: While simple in structure, these new requirements have complex implications for companies, many of which may not be already gathering and reporting this level of climate data. The laws were years in the making but have now pre-empted the country-level SEC climate rules that many have been anticipating. Scope 3 reporting will be required for some companies, which includes the full value chain. Third-party assurance will be required in some cases. Even though the full extent of the requirements won’t come into force until 2030, the first requirements will be in 2026 covering the year 2025, so companies should get started now. Resources: Prepare Now: California Climate Laws Impact Thousands of Businesses Sustainability and ESG Regulations Are Growing The Greenhouse Gas Protocol: Measuring Scope 1, 2 and 3 Emissions Preparing for the Proposed SEC Climate Disclosure Rule BDO Sustainability and ESG Services…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Governing the Embrace of AI Benefits and Risks within Your Business 21:00

1 year temu21:00

21:00

Key Takeaways: Establishing a “safe” environment for AI isn’t just a protective stance, it is itself a strategy that accelerates innovation, builds trust, and ensures long-term success. In making the decisions to address entity- readiness to greenlight AI initiatives, boards’ due diligence includes: understanding how competitors, customers, employees as well as supply chains are using or would like to use/leverage AI; establishing a robust management risk management and oversight governance framework that provide appropriate mechanisms to protect proprietary data; and ensuring internal organizational parameters of AI use consider ethics, explainability, data reliance/privacy/security, talent/expertise, and strategic fit; and applying standardization for consistent and ethical development and deployment.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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How Technology Enablement Can Magnify A Positive Impact on Audit Quality 23:12

1 year temu23:12

23:12

Key Takeaways: Using AI and predictive capability is not new but generative AI brings AI to the mainstream due to its human-like communication and ease of accessibility to companies of all sizes. For boards to properly oversee AI risk, they need to require management to establish a model risk management process along with a model risk governance framework around AI implementation that includes standardization of algorithms, governance and ethical considerations as well as validation of data inputs and outputs. Moving to AI changes the human role and underscores the need for a strong risk culture and exercising of healthy skepticism to contend with potential bias, complexity and lack of integrity within both data sets and AI algorithms. Underlying data sets must be of high quality and representative of population they are intending to serve – free from bias, properly labeled and annotated. Boards, management and auditors will need to continue to stay apprised of what is sure to be a continually evolving standard setting and rule-making environment as technologies continue to evolve.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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How to Prompt Management to Get the Most Out of Data Analytics 19:09

1 year temu19:09

19:09

Key Takeaways: Leveraging data analytics for strategic decision-making: Use of data analytics in the boardroom to is becoming increasingly important to help directors make informed, evidence-based decisions that drive growth and efficiency. By incorporating data-driven insights, businesses can better understand their customers, optimize operations, and identify new opportunities. Overcoming challenges in implementing data analytics: Organizations need to be prepared to face significant challenges when adopting data analytics, such as data quality, integration, and fostering a data-driven culture. Listen to best practices and practical advice for overcoming these obstacles and ensuring a successful analytics implementation. Board’s role in promoting data-driven culture: The board can play a critical role in promoting a data-driven culture within the organization. By asking the right questions, setting expectations, and ensuring alignment with business objectives, boards can support management teams in harnessing the full potential of data analytics for the organization’s success.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Automation: How to Unlock Corporate Value 17:48

1 year temu17:48

17:48

Boards need to work with management team to continue to identify and prioritize opportunities in automation to enhance all aspects of operations, product development and service delivery. Challenges in implementing automation need to be identified and incorporate into a strong change management program to ensure enterprise-wide acceptance and adoption. Boards can play a significant oversight role in the automation process by helping management establish guardrails – policies, protocols and controls – and require reporting back on progress as an accountability mechanism in driving change. Become and remain familiar with emerging automation technologies and methods to be competitive and optimize the business’ capabilities.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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AI’s Impact on the Evaluation of Audit Risk 21:55

1 year temu21:55

21:55

Key Takeaways: 1. Approaching embedding AI into a service delivery model requires: Identifying and prioritizing AI business processes and use cases that align with your business objectives Assessing the feasibility and potential impact of each use case Developing a detailed implementation plan that contemplates the steps, resources, and timelines required for successful AI adoption Keeping cybersecurity at top of mind as well as quality assurance approaches. 2. Adoption and use of AI requires encouragement of curiosity and innovation tempered with a good understanding of the risk and challenges AI poses to current methods of obtaining and authenticating data. 3. Compliance with regulatory standards needs to factor into AI change management along with corporate culture, policies and procedures regarding the use of AI. 4. Auditors are currently embracing AI in measured approaches – e.g.: Leveraging digital assistants as a gateway to demystify technologies and to bring the talent pool up to speed on the basics – what it is, how they work, and general best practices. Using generative AI environments to streamline and further standardize the firm’s service delivery models and build capacity. Embedding AI into existing tools to surface unusual and irregular transactions that the humans may otherwise miss as quality focused. Considering AI-powered image recognition in verifying physical assets and reconciling with financial records.…

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BDO in the Boardroom

BDO in the Boardroom podcast artwork

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Automating the Annual Audit 13:17

2 years temu13:17

13:17

Key Takeaways: Use of technological automation in the audit can yield increased efficiency, improved accuracy, consistency and quality. Complexity, data quality, lack of flexibility, resistance to change and over-reliance on technology are challenges to automating auditing procedures that need specific consideration. Auditors are intentionally and systematically focusing on automating aspects of the audit that build capacity and streamline systems but that also focus on feedback and enablement of adoption. Board members should be asking auditors about automation use cases and recommendations for improvements to apply to their own financial accounting, reporting and controls areas.…

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