The audit committee's role is to oversee the financial workings of business and to act as a mediator between a company's management and its external auditors. The audit committee reviews financial ...

All publicly traded companies must annually disclose their financial performance to the public: GAAP audits ensure that these disclosures are valid. Every year, independent accountants review a ...

THE NEW YORK STOCK EXCHANGE HAS PROPOSED NEW standards for its listed companies to compel audit committees to change their makeup, broaden their oversight of external auditors and assume greater ...

Audit committees have stagnated or declined in many areas of disclosure, highlighting a need for more disclosure, according to a new report. Processing Content The Center for Audit Quality and Ideagen ...

Public limited liability companies would soon be required to conduct annual evaluation of the individual members of their audit committee, according to new rules being proposed by the Securities and ...

As discussed in this article in CFO.com, establishment of controls and procedures for non-GAAP measures is especially important because they are—by definition—not standard, and controls and procedures ...

Forming audit committees is becoming a more common practice in the nonprofit sector, offering an unbiased outlet to monitor the financial health of an organization. Appointed by the board of directors ...

The past few years have emphasized fundamental organizational changes brought on by the pandemic. Companies are being called to embrace the impacts of digital transformation, monitor rises in cyber ...

Reinforcing audit quality and setting clear expectations for the external auditor, closely monitoring management’s progress on implementing the new credit loss standard, and maintaining or regaining ...

In today’s world, business can change at the drop of a hat as new technologies and disruptors constantly emerge. To stay ahead of the game, companies, and the executives leading them, cannot stick ...

Caroline Banton has 6+ years of experience as a writer of business and finance articles. She also writes biographies for Story Terrace. A management audit is an analysis and assessment of the ...