Audit Committees are Increasingly Tasked with Additional Areas …
Feb 13, 2023 · The scope of a company’s audit committee’s oversight responsibilities continues to expand, according to a new report from Deloitte Development LLC and the Center for Audit Quality (CAQ).
Audit committees are critical—but only a third of those sitting on …
Mar 14, 2024 · Deloitte's Center for Board Effectiveness and the Center for Audit Quality's latest Audit Committee Practices Report was released on Tuesday. The findings are based on a survey of 266 audit...
Audit Committee Brief | Deloitte US - Deloitte United States
Spotlight: A comparison of industry-based audit committee views; Quarterly accounting roundup: Second quarter 2024; Fighting fraud: A shared responsibility; Three ways to improve audit committee effectiveness; Unpacking the double materiality assessment under the EU Corporate Sustainability Reporting Directive (CSRD)
On the 2024 audit committee agenda - KPMG
Eight issues for audit committees to keep in mind as they carry out their 2024 agendas. KPMG's annual messages to directors focusing on the critical issues that should be high on board, audit committee, nominating and governance committee, compensation committee, and private company board agendas.
Audit Committee Composition Changing Amid Expanded Scope …
Jan 13, 2023 · Over the next 12 months, one-quarter of respondents expect to make changes to the composition of their audit committee, with 25% anticipating increasing the size of their audit committee, 28% planning on replacing their audit committee chair, and 42% expecting to replace one or more committee members.
Audit Committee Composition Changing Amid Expanded Scope …
Jan 13, 2023 · Over the next 12 months, one-quarter of respondents expect to make changes to the composition of their audit committee, with 25% anticipating increasing the size of their audit committee,...
Audit Committee Transparency Barometer Shows Continued …
Nov 30, 2023 · This year, the report identifies several opportunities for audit committees to enhance disclosures regarding audit fees, particularly the audit committee’s responsibility for fee negotiations and, as well as how audit committees consider auditor tenure and engagement partner selection.
Audit committees boost cyber, ESG expertise | Accounting Today
Nov 18, 2024 · The annual survey, released Friday by the Center for Audit Quality and ideagen Analytics, found a year-over-year increase in audit committee disclosure of cybersecurity oversight responsibility (64% of S&P 500, compared 59% in 2023) and expertise (60% of S&P 500 boards in 2024, compared with 51% in 2023).
Audit committees expand oversight to ESG, cybersecurity, AI: EY
Nov 18, 2024 · The proportion of S&P 500 boards that lack proxy disclosures assigning cybersecurity to a specific committee has fallen to 5% from 15% in 2021, EY said. Companies are beginning to disclose some level of oversight for AI risks, and most commonly cite the risk as a point of audit committee oversight, EY said.
Audit Committees Being Challenged by Increased Complexity, …
Jan 25, 2022 · Audit committees are increasingly adding cybersecurity experience/expertise, according to the report. More than one-half (53%) of respondents said they have oversight responsibility for cybersecurity, and 69% of those anticipate spending more time on …