Changes Seen in Audit Committee Composition Amid Expanded Scope and Emerging Risks
Corporate boards are taking a fresh look at their audit committee structures and practices in light of emerging corporate reporting areas and increased risks...
Enron
Thomson Reuters Releases New SMART Practice Aids Single Audit Source
The new product works in conjunction with Thomson Reuters Checkpoint Tools, including PPC’s Practice Aids for Single Audits, Audits of Nonprofit Organizations, Audits of Local Governments, Audits of School Districts, and Housing and Urban Development (HUD
New Audit Quality Indicators to be Pilot Tested by Accounting Firms
The Center for Audit Quality (CAQ) today released the CAQ Approach to Audit Quality Indicators, which represents a two-year effort with its member firms to develop perspectives regarding which indicators may be most relevant and how and to whom they should be communicated. The paper sets forth in detail the CAQ approach to communicate a set of potential Audit Quality Indicators (AQIs), which will be pilot tested by CAQ member firms with select audit committees.
Study Says Many CEOs are Too Friendly with Audit Committees, Urges SEC Action
A decade after scandals at Enron, Worldcom, and other companies dramatized the need for improved corporate financial monitoring, this critical regulatory challenge remains in essential ways unmet, new research suggests.