Audit committee effectiveness: practical tips for the chair
Overview
Audit committees need to find ways to meet the heavy burden of regulatory mandates, keep up with increasing stakeholder expectations and find time for unforeseen issues. Here are some ideas for the audit committee chair to build the right audit committee and keep members performing at a high level.
In this paper we explore:
- Effective committee leadership
- Balanced member composition
- Risk and fraud oversight
- Succession planning
- Structured member onboarding
- Transparent disclosures
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