FEI Forms GRC Committee, Announced at FEI CFRI Conference

Posted by accountingweb on Nov 15 2011 491 printer friendly

In her opening remarks at FEI's 30th Annual Current Financial Reporting Issues Conference (CFRI) earlier today, FEI President and CEO Marie N. Hollein announced that FEI is forming a new committee, the Committee on Governance, Risk & Compliance (CGRC). The new committee joins FEI's Committee on Corporate Reporting (sponsor of the CFRI conference), and FEI's other committees.

Hollein said:

"The Committee on Governance, Risk & Compliance (CGRC) has been established to provide a forum for FEI members, namely preparers, such as chief financial officers, controllers and other senior business executives, as well as compliance/risk management professionals and internal auditors.

"The CGRC will formulate opinions, monitor developments and issues, and advance knowledge of enterprise risk management, including strategic positioning, operational concerns, financial, legislative and regulatory reporting issues, reputational impact, associated controls, compliance and audit-related activities.

"The committee’s primary focus will be from the preparers’ perspective and on professional education and growth; fulfilling legal and regulatory requirements, integrating the controls and compliance infrastructure effectively and efficiently, taking pre-emptive or timely and responsive action to deal with risks and opportunities, and leveraging the investment in risk management to further business intelligence and goals. If you are interested in joining this new Committee, please visit the FEI booth in the exhibit hall."

Hollein also tee'd up upcoming highlights of the conference, including updates from the SEC, FASB and IASB, and the latest news and analysis of economic developments and their potential impact on public policy and business.

Read more in Hollein's opening remarks at CFRI; look for updates from the CFRI conference in the FEI Blog.

View the discussion thread.

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FEI Financial Reporting Blog provides highlights from SEC, PCAOB, FASB, IASB, and other regulatory news, including reporting under Sarbanes-Oxley Sect 404. It is written by Edith Orenstein, Director of Technical Policy Analysis at FEI

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