Audit committees 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. Ernst & Young 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. | Proxy advisory firms Find out what the president of ISS told audit committee chairs about the role proxy advisory firms play with companies, boards and shareholders. Cybersecurity and the board Boards and audit committees must provide leadership and help companies address cyberspace risks. New tool to help audit committees evaluate the external auditor The Center for Audit Quality and other organizations have released a new tool that aims to provide audit committees guidance with respect to evaluating the external auditor. Conflict minerals: Dodd–Frank Section 1502 and the SEC’s final rule The SEC has issued a final rule to implement new requirements for disclosing the use of certain minerals emanating from select countries. Find out more about the disclosure and reporting requirements. Audit Committee Member Toolkit This toolkit can help audit committee members perform their oversight responsibilities and contains samples of an audit committee charter; various accounting, financial reporting, and internal control-related documents; a review of financial information for the audit committee to consider; a self-assessment questionnaire, and more. |
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 Reporting magazine: November 2012 In our discussions with company executives and market participants around the world, we see a shift in focus to enduring performance and long-term returns.
 AccountingLinkWhat you need to know.
When you need to know it.
Because change is constant in the financial reporting world, you need the latest information, analysis and insight…first. Register for AccountingLink. Effectiveness and accountability in the boardroom Kellogg School of Management, Corporate Governance Program9-12 December 2012 Ernst & Young and the Kellogg School of Management invite you to attend an intensive program for current and future board members. Guided by top faculty from the Kellogg School of Management, the program explores the boardroom dynamics, the director’s role and moving from compliance to long-term strategy. Visit: www.kellogg.northwestern.edu
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