2018 Audit Committee Transparency Barometer

At BDO, we believe transparency and trust are the foundation of every high quality audit. We also recognize that the perceived value of our quality audits in the marketplace is derived from the trust of both those who oversee our work and those who rely on it. As a leader in the audit profession, BDO is committed to providing the same level of transparency to our stakeholders as our clients provide to theirs. It is our intent and commitment to deliver high quality audits and provide our clients with deep insights and value.

As part of that commitment, we are pleased to share the 2018 Audit Committee Transparency Barometer, prepared by the Center for Audit Quality (CAQ) and Audit Analytics, which examines how public company audit committees approach the public communication of their external auditor oversight activities.

This annual report, which measures the robustness of proxy disclosures by companies in the S&P Composite 1500 (S&P 1500), shows that the amount of information available to investors and other stakeholders on audit committee oversight of the external auditor continues to increase year-over-year for past five years. Double-digit increases in audit committee transparency represent a success story and demonstrate the dedication of audit committees to fostering trust and strengthening market integrity.