Focused yet flexible agendas will be critical in 2013.

Oversight of financial reporting, audit quality, risk management, globalization, government regulation and enforcement top audit committee’s concerns.

It’s critical that the audit committee and auditor have an open line of communication—particularly in today’s business and regulatory environment.

Methods boards can use to assess whether a company’s governance activities are keeping pace in today’s fast-changing environment.

New PCAOB Standard on Auditor Communications with Audit Committees reinforces importance of best practice today: robust, two-way dialogue.

Audit committees and boards increasingly are looking to the GC not only as a technical legal adviser, but also as a business adviser.

Audit committee members’ top concerns for 2012 are governance processes, controls and risk management.

KPMG’s Audit Committee Institute highlights the key issues directors should be focusing on in the year ahead.