Serving on a corporate audit committee has not been easy for some time now. Required disclosures are likely to increase; the workload in dealing with the external audit firm will increase as well. Without careful attention, your audit fees will go the same way too.
To help audit committees—and the corporate executives who report to them—navigate those challenges, this e-Book produced by Compliance Week in cooperation with Workiva explores the changed environment and how the audit committee can keep control of its agenda.
We open with “Audit Committee Disclosure: More Hints,” which explores the new debate about disclosure of audit engagement partners. Next, in “What You Tell the Audit Committee About Auditors,” we polled audit executives about selecting and overseeing a company’s external audit firm. Following this, “PCAOB to Audit Committees: Help Us Help You” provides guidance on how audit committees can dig deeper into risky issues with their audit firms. The white paper from Workiva, “How to Thrive in the New Era of Professional Skepticism,” highlights the traits of an effective auditor. Finally, in “Audit Relations Continue To Be Strained,” we examine the tensions behind the sudden uptick in assessment and auditing of internal controls.
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