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Audit Committees Expand Disclosures Willingly, EY Report Says

Tammy Whitehouse | September 10, 2014

Audit committees hit a new level of transparency during the 2014 proxy season, going beyond mandatory disclosures to voluntarily provide information sought by investors regarding committee activities and oversight of external auditors, according to an EY analysis.

In a recent report of its findings, EY says the research shows a consistent move by Fortune 100 companies to enhance the depth and scope of audit committee-related disclosures to supplement mandatory disclosures with extra information that investors have demanded. The findings are based on an analysis of 80 companies in all that filed proxy statements for three consecutive years as of August 15, EY said.

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