The audit committee's role is to oversee the financial workings of business and to act as a mediator between a company's management and its external auditors. The audit committee reviews financial ...

Audit committees are including more disclosures about oversight areas within the proxy statements of public companies about cyber risks and environmental, social and governance matters, but there's ...

In a recent op-ed in The Wall Street Journal, "We Audit the Auditors, and We Found Trouble" (July 24, 2023), Public Company Accounting Oversight Board Chair Erica Williams outlined a few thoughts ...

Despite pandemic-related concerns about the ability of auditors to work effectively, 98% of audit committee members said in a new survey that audit quality either increased (32%) or stayed the same ...

Studies of former partners of audit firms that have assumed management positions at audit clients have raised concerns, at least pre-SOX, about potentially lower audit quality, perhaps reflecting ...

This story was originally published on CFO.com. To receive daily news and insights, subscribe to our free daily CFO.com newsletter. Much like finance chiefs, audit committee chairs are finding their ...

The COVID-19 crisis creates heightened risk of improper financial reporting. Audit committees can and should take steps to help prevent such frauds. Audit Committees should maintain the appropriate ...

The past few years have emphasized fundamental organizational changes brought on by the pandemic. Companies are being called to embrace the impacts of digital transformation, monitor rises in cyber ...

Forming audit committees is becoming a more common practice in the nonprofit sector, offering an unbiased outlet to monitor the financial health of an organization. Appointed by the board of directors ...

Although public company audit committee disclosures on cybersecurity continue to increase significantly, other disclosures by audit committees increased just slightly or stagnated in 2021 compared ...

In today’s world, business can change at the drop of a hat as new technologies and disruptors constantly emerge. To stay ahead of the game, companies, and the executives leading them, cannot stick ...