Several factors have combined to necessitate a serious rethink of the role of the audit commit­tee, including its main responsibilities and reporting. Regulators, and to some extent investors, are pushing audit committees to provide more oversight on the risks companies face, including those outside the traditional financial reporting areas.

In this e-Book, produced by Compliance Week in cooperation with CohnReznick, we look at the changing landscape for audit committees and the pressures for greater risk oversight and more transparent reporting. First, we look at how leading companies are improving audit committee disclosure, by giving investors a better sense of the discussions committee members have with the external auditor and the process they follow for selecting and evaluating the audit firm. Next, we look at how regulatory demands—included pressure for better reporting—are weighing on audit committees and how they are dealing with the burden.

Then we look at how audit committees are increasingly called on to oversee risks outside of financial reporting, including IT risks. Finally, we look at how audit committees will have to work smarter and be more efficient to deal with all of the new demands being placed on them and to provide investors with the information they want.

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