Audit Committees – Increased Expectations

Audit Committees are required to peruse all quarterly reports and annual audited accounts before they are recommended to the Board for public dissemination. They are also required to recommend to the board on all matters of conflicts of interest and related party transactions. Much power is given to audit committees and much is expected of them. Audit committees also deal with the external auditors and the internal auditors - two important cornerstones of corporate governance.

4 CEP Hours