The 2019 Audit Committee Transparency Barometer—issued annually by the Center for Audit Quality (CAQ) and Audit Analytics—indicated investor confidence in audit committee effectiveness was strong and had increased 10 percentage points since the first Barometer report was issued in 2014. The CAQ believes greater transparency about audit committee responsibilities will strengthen this confidence even further.

Maria L. Murphy, CPA, is a regular contributor to Compliance Week. She is a senior content management analyst, accounting and auditing products, CCH tax and accounting North America for Wolters Kluwer....