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 ...

Strained audit committee agendas are a growing concern of the corporate governance community. In addition to the already weighty oversight responsibilities over financial reporting, internal controls, ...

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 ...

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 ...

As part of its transparency and outreach initiative to its stakeholders, the Public Company Accounting Oversight Board (“PCAOB” or “Board”) continues to issue staff briefs to better inform the public ...

The role played by public company audit committees in cybersecurity risk oversight continues to increase, while some audit committees are beginning to take on ESG oversight, according to the 2022 ...

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 ...

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 ...

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 ...

The primary purpose of an audit committee is to monitor an entity’s risk and to provide oversight of the entity’s financial reporting, the audit process, the system of internal controls and compliance ...