Cyber-security risk oversight is the area with the greatest increase in audit committee disclosures in proxy statements, according to the 2020 Audit Committee Transparency Barometer issued by the Center for Audit Quality and Audit Analytics. Companies of all sizes are dealing with increasing cyber-threats and new regulations over cyber-security and data management and reporting.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....