Tag: Audit committees
Change in audit committee chairs ‘sees audit fees rise and quality fall’
Study of German companies concludes that the arrival of a new chair negatively influences audit quality and audit pricing.
Evidence builds for introduction of new audit committee standards
Financial Reporting Council says new report “lends weight to proposals for reforms in the audit sector”, including new standards for committees.
US audit committees ‘could do better’ on disclosures
The Center for Audit Quality has urged US audit committees to “consider the opportunities to enhance transparency” in some key areas.
Indian regulators work on new rules to halt auditor exodus
Indian financial watchdog launches consultation on the correct procedure for auditor resignations after a series of high-profile exits.
The guardianship circle: praxis of governance and audit committees
Why is the practice of corporate governance so different from best practice standards? Effective corporate governance “in practice” is fluid, context-specific and depends on practitioners’ skills, initiative and adaptation.
Survey finds ‘substantial work’ needed on risk management
Research finds that many audit committee members believe their risk management programmes need attention, while for many, managing major risk is becoming “increasingly difficult”.
Land Securities appoints Cadbury as NED
Whitbread Group finance director to become an independent non-executive director at the property giant.
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.
New audit regs are here
The European Union’s new Audit Directive is here and will present a significant change for audit committees and their responsibilities over auditor selection.