Evolving Requirements – A
Preparer’s Perspective
Teri List, Vice President - Corporate Accounting
Procter & Gamble
Touching lives, improving
life. P&G
$40 billion Net Sales
$4.4 billion Net Earnings
300 Brands
102,000 Employees
160 Countries
External Environment
Investor Skepticism
Increased Regulation
Lower Tolerance
Market Volatility
Complexity
Preparer Response
Stay current
Enhance financial disclosures
Evaluate Disclosure Controls
Disclosure Controls
Definition and Assessment
Process Formalization
Evaluation and Monitoring
Continual Improvement
Awareness
Preparer Response
Stay current
Enhance financial disclosures
Evaluate Disclosure Controls
Maintain an effective Audit
Committee and Board
relationship
Continually build awareness