The audit committee’s role is critical to the governance of the organization through its oversight of the financial reporting process. The member's role demands significant time and attention in addressing multiple risks and critical issues. The committee is responsible for ensuring that the financial reporting process is credible, controlled and reliable, and that the company's financial reporting is transparent, consistent and accurate.
EY has various resources and publications that provide information on evolving issues and current topics of interest for audit committees including technical and regulatory updates, emerging audit committee interests and concerns and risk oversight. Descriptions and examples of these thought leadership pieces, tools and audit committee materials are available here and through AccountingLink.
Diversity drives diversity
Survey data reveals that incremental changes may be transformative over time: putting women on the board and in leadership roles drives further diversification.
BoardMatters Quarterly, private company governance
In this issue, a venture capitalist shares his perspective as a board member and investor. We also explore private company board service, family business planning and financial reporting.
Proxy season: top 10 governance trends for 2013
Being responsive to shareholder concerns about topics such as board diversity and political spending can pay off, according to our analysis of 2013 proxy statements.
A call for enhanced audit committee disclosure
The Center for Audit Quality and other corporate governance and policy organizations recommend that audit committees of public companies enhance public disclosures to better inform investors and the public about how they fulfill their duties.
SEC vision and priorities
Our new report offers a summary of recent remarks made by the Chair of the US Securities and Exchange commission.