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EY Finds More Voluntary Audit Committee Disclosures

Tammy Whitehouse | September 9, 2015

Audit committees for the largest companies continue to raise the bar on what they voluntarily say in their reports about their responsibility for and oversight of the external audit.

The latest report from EY Center for Board Matters found 2015 proxy statements of Fortune 100 companies “continued and expanded even further” the voluntary audit-related disclosures that EY began studying in 2012. Several factors seem to be driving audit committees to say more, says EY, including requests from investors. “Policymakers and other stakeholders also have been active in calling for attention to the important role of audit committees and promoting consideration of greater transparency around how audit committees carry out their responsibilities,” EY wrote in its report.

The Securities and Exchange Commission...

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