Cutter Consortium :: IT in the Age of Governance: Opening Statement

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IT in the Age of Governance: Opening Statement

by Robert N. Charette

"It is clear to us that the internal-control assessment and audit process has the potential to significantly improve the quality and reliability of financial reporting. At the same time, it is equally clear to us that the first round of internal-control audits cost too much." So said William McDonough, chairman of the Public Company Accounting Oversight Board (PCAOB), which oversees the US accounting industry, in May 2005.

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IT in the Age of Governance: Opening Statement September 2005

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