Audit Committee Effectiveness: What Works Best, 3rd Edition
Please note the 4th edition of this product will be available in July of 2011.
This research report has been prepared to help audit committee members effectively and thoughtfully discharge their duties. It provides direction on how best to carry out their responsibilities by providing numerous examples of how leading audit committees are not just coping, but succeeding. In short, it is your guide to what works best.
Corporate financial reporting continues to be under intense scrutiny—placing audit committees firmly in the spotlight. Audit committees are finding their workload has expanded significantly. The issues they now face are more challenging than ever, as their responsibilities expand well beyond the complexities of financial reporting.
Audit committees may oversee risk management and many monitor compliance with laws and regulations and codes of conduct. At the same time, committees must find the appropriate balance between overseeing and advising management, recognizing that the balance shifts over time. Adding to these challenges are concerns about personal liability, especially for committee chairs and financial experts.
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