With accounting standards changing and regulatory scrutiny expanding beyond financial performance, 2020 offers an opportunity for audit committees to work on improving the broader risk and control environment, including nonfinancial — enterprise, process and technology — risk disclosures. For many years, Protiviti has prepared a recommended agenda for audit committees to help focus their efforts amid changing expectations in a rapidly evolving risk landscape.

This article discusses the key questions audit committees should consider for enhancing the context of their risk oversight activities in 2020.