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New analysis shows audit committees voluntarily say more

Tammy Whitehouse | November 3, 2016

Another study on audit committee disclosures confirms that audit committees are trying to raise the bar in terms of how much they tell investors about their oversight of the external audit.

The Center for Audit Quality and Audit Analytics have published their 2016 Audit Committee Transparency Barometer based on their review of proxy disclosures by audit committees among the S&P 1500. EY earlier released its analysis of the same disclosures by Fortune 100 companies.

The CAQ/AA analysis shows nearly one-third of S&P 500 companies have raised their discussion of how the audit committee considers and recommends the appointment of the audit firm, up 13 percent from a similar analysis in 2014. Among S&P mid-cap companies, 22 percent of...

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