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PwC and IIA Offer Guide for Board Directors

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December 14, 2011

By Michael Cohn, Accounting Today

PricewaterhouseCoopers and the Institute of Internal Auditors Research Foundation have released a book to help corporate directors address their fiduciary and other responsibilities.

Richard Chambers

“Board Effectiveness—What Works Best” helps directors navigate the increasingly complex environment they face.

"We’ve seen increased boardroom focus on shareholder engagement, particularly in challenging areas such as technology, crisis management and reputational risk," said Catherine Bromilow, a partner in PwC's Center for Board Governance. "This book helps board directors address the issues they are facing today and into the future."

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The book includes insights from directors about their boardroom experiences, along with views from governance experts and survey data on how directors are handling their responsibilities. It also contains a self-assessment guide, focusing on best practices and key takeaways from a recent PwC report.

"In my 30-plus years as an internal audit practitioner and chief audit executive, I've never witnessed the level of scrutiny of the board like it is today," said IIA president and CEO Richard Chambers in a statement. "The IIA's Research Foundation published this book to ensure there is a comprehensive resource for internal auditing's primary stakeholders."

Board Effectiveness -- What Works Best (2nd edition) is available in the IIA Research Foundation's bookstore at www.theiia.org/bookstore.

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