New regs focus audit committees on quality
A Brussels conference hears that new legislation has seen audit committees place new emphasis on audit quality and less interest in cost.
Board members on company audit committees within the European Union will see their role grow in importance under revamped EU audit rules that came into force on 17 June, experts have advised.
A joint ecoDa (European Confederation of Directors Associations)–PricewaterhouseCoopers (PwC) conference on "Audit committees at the heart of the Audit Reform", staged in Brussels, heard how.
Opening the conference, Daniel Lebègue, chairman of an ecoDa/PwC working group on the audit reform, stressed that audit committees were a key part of the board.
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