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CAQ Helps Boards Manage Cybersecurity Risk

The Center for Audit Quality (CAQ) has released a tool to help board members of public companies oversee cybersecurity risk management in their organization, confirms Accounting Today (April 12, Cohn). Titled "Cybersecurity Risk Management Oversight: A Tool for Board Members," the document includes cybersecurity-related resources from the National Association of Corporate Directors, the CAQ, and other organizations. It offers questions that board members can use as they discuss cybersecurity risks and disclosures with executive management and CPA firms. "Boards of directors face an enormous challenge in overseeing how their companies manage cybersecurity risk," remarks CAQ Executive Director Cindy Fornelli. "Our tool can help foster dialogue that is crucial to addressing cybersecurity challenges and to establishing a clear understanding of cybersecurity roles and responsibilities."

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