Audit committeesThe 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. | Q3 financial reporting update webcast, September 17 Are you current with the latest developments affecting financial accounting and reporting? Register for our live quaterly Thought Center webcast where a panel of Ernst & Young professionals will review the highlights of this quarter’s technical accounting, tax and regulatory developments. Kellogg Corporate Governance program, December 5-8, 2010 In collaboration with the Kellogg School of Management, Ernst & Young is pleased to announce that registration is open for the Corporate Governance: Effectiveness and Accountability in the Boardroom program in Evanston, Illinois on December 5-8. The program will focus on the role of the board, the necessary skills a board member needs and the legal and ethical challenges faced by today’s board. The program is led by top faculty from the Kellogg School of Management. Convergence, tax, investors and the audit committee Learn what high-profile audit committee members have to say about their role with regard to convergence of accounting standards, tax issues and shareholder engagement in the highlights of the 2010 Audit Committee Leadership Network Summit. Driving ethical growth? Two-thirds of companies say they will look for growth opportunities in the next 12 months, but expansion or acquisitions in new markets may expose them to increased bribery and corruption risk. These risks appear to trigger serious concerns about personal liability among directors. Learn more in our 11th Global Fraud Survey as we explore the potential challenges that come with the drive for growth. 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. |
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