The Audit Committee's Transformation Checklist

As digital transformation evolves, it demands a continual expansion of knowledge and governance oversight by audit committee members. While the largest public businesses may be further ahead in their digital transformations, we see many mid-cap and private businesses at a variety of less mature stages. Yet the opportunity to create a competitive advantage and other benefits through digital transformation is paired with a more complicated risk profile. As businesses advance these changes, it’s important for audit committees to understand the responsibilities of the role they must play and the need for collaboration across committees. Below are four key areas that audit committees should focus on with regard to digital transformation...

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Enzo Santilli is national managing partner of transformation at Grant Thornton and a director on the Grant Thornton partnership board.