A more radical view of what the Audit Committee should worry about in 2012

PwC, and I am sure others, have given us their traditional, annual guide to the questions audit committees should address in 2012.

I think these are OK, but are they enough?

Should we not step back and take a more strategic view? How about really thinking about the quality of information flowing to the committee and the board, whether the risk management program is making the organization sufficiently nimble and agile to take advantage of opportunities and trespond to potential adverse events, and whether the organization is taking advantage of the dramatic improvements in technology?

Please join the discussion. You are welcome to comment here as well.