Cybersecurity and Auditor responsibility

Kathleen Hamm, board member for PCAOB recently gave a speech to the Baruch College 18th Annual Financial Reporting Conference which provided an excellent update on the state of management and auditor responsibility for cybersecurity. She called on auditors to step up. Referencing the Yahoo debacle of recent years, and other rather similar events, she pointed to the lack of disclosure by management of the data thefts as a failure of management and the auditors to adequately discharge their responsibilities. 


Ms Hamm’s talk reminds us of why cybersecurity is one of the biggest threats to modern commerce. Read her speech here.