Audit committees continue to increase the amount of disclosures they are providing to shareholders across a wide variety of categories, according to a recent analysis conducted by EY.
EY’s Center for Board Matters measured this trend in its eighth annual assessment of voluntary disclosures by Fortune 100 companies relating to the important audit oversight role carried out by audit committees. For example, nearly 80 percent of companies in 2019 disclosed the audit committee is involved in selecting the lead audit partner; none of these companies made that disclosure in 2012, according to EY’s analysis.
