2010 Year-end questions audit committee members should be asking

January 2012
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Year-end questions audit committee members should ask: 2010: PwC

At a glance

Audit committees will need to consider the following questions to help set the agenda for the oversight of their company’s year-end financial reporting processes, which is complicated by an active regulatory environment and a fragile economy. The questions focus on accounting and disclosure, internal control, risk management and other issues, including compliance and standard setting changes.

Audit committees will need to consider the following questions to help set the agenda for the oversight of their company’s year-end financial reporting processes, which is complicated by an active regulatory environment and a fragile economy. The questions focus on accounting and disclosure, internal control, risk management and other issues, including compliance and standard setting changes. These questions should be considered along with other questions audit committees determine to be important to the companies they serve given their specific facts and circumstances, and those that are routinely asked of management and the auditors at year-end.