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Audit Committee - Ernst & Young - United States

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.

BoardMatters Quarterly: focus on the future
This issue of BoardMatters Quarterly looks at the expanding challenges facing audit committees and recent SEC activities.

Investors' perspective on financial reporting

Investors are looking for information not always found financial reports and putting more value on non-audited information. Find out how audit chairs can communicate a cohesive story to investors.

Audit committee overload

Read about how audit committees are addressing agenda overload by improving efficiencies, seeking input from the board and allocating some issues to other committees.

InSights: risk oversight in emerging markets

This issue of InSights focuses on recent developments in emerging markets risks and outlines five keys to understanding this risk environment.

Current challenges for audit committees

The North American and European Audit Committee Leadership Networks recently met to discuss several important topics including bribery and corruption risk, environmental risk and reporting and the oversight of major transactions.

2011 proxy season review

Boards increasingly must consider investor views on governance issues while ensuring that decisions are appropriate for company-specific circumstances. Proxy Perspectives examines the recent proxy season, and provides an in-depth looks at compensation matters and trends in company-shareholder engagement.

The challenge of IT governance

What are boards and audit committees doing to improve IT governance? This issue of Viewpoints focuses on how both boards and audit committees regularly address the diverse array of IT oversight-related issues, pointing out the limited  IT expertise of most boards.

Audit Committee Member Toolkit

This toolkit can help audit committee members perform their oversight responsibilities (pdf, 634kb) 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.

Assurance Services 2012 Speakers Directory
Guide designed to be a helpful tool in identifying moderators, panelists and speakers for programs that address today’s important business issues.

AccountingLink, covers the latest financial information, analysis and insight…first

AccountingLink

What 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.

Other online resources

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