The focus of Ac'sense is to provide those charged with governance with essential, relevant information through clear and concise executive summary-type
communications. In this spirit, we have created the Effective Audit Committees in the Ever Changing Marketplace publication as a practical guide to forming
and running an effective audit committee. Within this publication, we provide answers to certain frequently asked questions (FAQs) centering on the WHYs,
WHOs, WHATs, WHENs and HOWs of audit committees. More specifically, these FAQs summarize the common functions and responsibilities of audit committees and
seek to provide insights and perspective as to how to optimize audit committee effectiveness. Our vision has been shaped by our own experiences with our
clients and interpretations of the specific recommendations, guidelines, and rules of the SEC; the stock exchanges; the Public Company Accounting Oversight
Board (PCAOB); the American Institute of Certified Public Accountants (AICPA); and the Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit
Committees, sponsored by the New York Stock Exchange and the National Association of Securities Dealers.
Throughout this publication, we focus on some of the more challenging aspects facing audit committees and best practices that may be adopted. To
that end, in addition to our commentary, we have included links and references to other relevant BDO practice aids and tools as well as
certain valuable external resources. We hope you will find this guide and its links helpful in understanding and meeting the many requirements and
challenges of the ever changing marketplace for those charged with governance and more specifically, for audit committees.
- To access the Effective Audit Committees in the Every Changing Marketplace, click here
- To access the Summary – Effective Audit Committees in the Ever Changing Marketplace, click here
- For standalone practice aids included within this publication as well as other materials, click here
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