In a world in which “IT is pervasive,” companies are experiencing new opportunities and risks associated with information technology. Clear communication and strong relationships must exist to make sure that there is no governance overlap and that nothing is overlooked.
Even though few directors consider themselves IT experts, they can draw on many sources of expertise to guide their actions. And by acknowledging that sometimes they will have more questions than answers, audit committee chairs can become comfortable discussing IT in the same way they have become comfortable with other, more traditional audit committee discussion topics.
Read the full paper, published by Tapestry Networks and Ernst & Young.