The economic crisis that started in 2008 increased the focus on the role of the audit committee and the information disclosed by companies. Clearly, the audit committee’s role in ensuring accurate and transparent disclosure is more difficult and challenging than ever — given increased expectations by shareholders, regulators, and other stakeholders; heightened scrutiny when things go wrong; more responsibility for risk management; and more focus on the need for fraud prevention.
PwC's new book: Audit Committee Effectiveness - What Works Best, 4th Edition, is published by The Institute of Internal Auditors Research Foundation. This book is a practical guide to help audit committees enhance their performance and effectiveness.
You can get a sense of some of the topics covered in the book by watching the corresponding videos series at www.pwc.com/us/ace. It features PwC partners and Audit Committee Effectiveness co-authors, Catherine Bromilow and Don Keller, sharing their insights.
If you would like to receive a full copy of this report, or have any questions about how PwC can help your audit committee implement the leading practices discussed in it, please do not hesitate to contact Paul Silcock or your usual PwC contact.