Audit Committee Excellence Series

September 2014
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Audit Committee Excellence Series

At a glance

Achieving excellence: Overseeing external auditors

This edition addresses communications with the external auditor, the audit committee chair’s working relationship with the lead audit partner, auditor independence, and the preapproval process for auditor services. The publication also discusses the external auditor relationship with internal audit; the influence of other parties, such as the PCAOB, Center for Audit Quality and proxy advisory firms; and evaluating the auditor, among other topics.

Further reading:

Achieving excellence: Overseeing internal audit - July 2014

Achieving excellence: Financial reporting oversight - May 2014 

Achieving excellence: Assessing the company’s forward-looking guidance practices and the potential risks of consensus estimates – March 2014