Regulators, securities analysts, institutional investors, and others are scrutinizing audit committees. As more committees take on increased responsibilities, members are working harder and longer to keep up.
Challenges
- Having enough time to discharge duties effectively and with appropriate thoughtfulness—recognizing that mere compliance is not sufficient
- Finding an appropriate balance between overseeing and advising management, while avoiding micromanaging.
How we can help
- We assess the committee’s formation, operations, and relationships; benchmark them against leading practices and requirements; and develop recommendations
- We design training and development programs for both new and experienced members
- We develop and deliver specialized training sessions for committees
- We redesign materials—assess pre-meeting materials and agendas, benchmark against leading practices, identify issues and improvement opportunities, and help redefine materials
