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Audit Committee

Explore comprehensive Audit Committee governance insights with curated resources. Best practices & expert guidance to enhance your corporate governance strategy.

Fundamental and Leading Practices in Audit Committee Oversight of External Audit

Enhance audit committee effectiveness with this NACD Blue Ribbon Commission boardroom tool for external auditor oversight. Optimize your board's governance today.

Audit Committee Charter Tool

Audit committee charters are required for companies listed on the New York Stock Exchange and Nasdaq. This tool outlines the minimum audit committee charter requirements of each exchange and the process necessary for updating audit committee charters.

The Evolving Role of Audit Committees in 2025 and Beyond

Discover the top priorities for audit committees in 2025, as well as the skills committees are prioritizing and the increased importance of internal audit talent.

Staying in Sync With Internal Audit and the Chief Audit Executive

Recent developments, such as new technology and disclosure rules, are affecting the audit committee's scope of responsibilities. The chief audit executive and internal audit can add value and work together with the audit committee in these ways.

Is It Time for a New Audit Firm?

Discover the key factors boards must consider when deciding to switch audit firms to minimize disruption, maintain independence, and enhance the overall audit quality.

How to Get First-Time Audit Committee Members Up to Speed

Which of the following areas does the audit committee typically oversee?

The Audit Committee's Transformation Checklist

Audit committees should consider these four responsibilities when overseeing digital transformation.

Audit & Finance Committee Charter

The Audit and Finance Committee shall assist the Board of Directors in fulfilling its oversight responsibilities relating to the quality and integrity of NACDs financial reporting processes, accounting practices and the annual budgeting process.

Sample Questions for Audit Committee Members to Ask

These sample questions, included in the Report of the NACD Blue Ribbon Commission on The Audit Committee, highlight important matters that should be considered for discussion with the audit committee. Questions are intended to be addressed by management and auditors in collaboration with the audit committee.

How Transparent Is Your Audit Committee? Three Reasons to Increase Disclosures

While there's a positive, long-term trend of increased voluntary audit committee disclosures, opportunities remain for public companies to increase their transparency around audit committee activities. Here's why these disclosures matter.

The Future of the Audit Committee: How Effectiveness Can Enhance Trust

This article outlines audit committee strategies for adapting to emerging risks, managing scope creep, and leveraging independent auditors. Learn how transparency and proactive oversight can prepare organizations for the challenges of 2025.

Common Risks and Opportunities Audit Committees Should Consider

An internal audit can do much more than just prepare your organization for an external audit, acquisition, or public offering. An intentional approach can yield strategic benefits by providing useful insights, identifying competitive advantages, and protecting your company’s assets. These key risks and opportunities can help your audit committee see the power and potential of investing in a robust internal audit function.

ESG Is Making Inroads Into Audit Agendas, Say Fortune 500 Committee Chairs

A spring discussion with more than 45 Fortune 500 audit committee chairs revealed insights into data assurance, the most relevant ESG metrics for the audit committee, and more.

Restatement Trends: What Audit Committees Should Know

Discover the latest restatement trends and what lessons they can offer audit committees to mitigate misreporting.

Fortune 500 Audit Committee Chairs Discuss COVID-19 Implications

Although the full boardroom is pulling together to address the current fast-moving crisis, audit committees, who are tasked with financial and risk oversight, are focused on these action items.

Envisioning the Audit Committee of the Future

While the scope of audit committee oversight has increased significantly, the committee’s core oversight responsibilities have also become more complex. In this environment, audit committees must reassess their oversight processes and operations.

Audit Committee Calendar Sample

Why Audit Committees Are So Important During the COVID-19 Crisis

In the current global crisis, maintaining confidence in reported information on the pandemic's impact is critical. Here's what audit committees should keep in mind.

How Audit Committees Can Get Involved with GenAI Adoption

Consider these actionable steps that audit committees can take to champion responsible genAI adoption at the companies they oversee.

Effective Audit Committee Oversight Starts With Effective Enterprise Risk Management

Discover the role of the audit committee in enterprise risk management, as well as how it differs from traditional risk management approaches.

Top Issues for Audit Committees in 2022

Internal control risks, climate and ESG disclosure rules from the US Securities and Exchange Commission, and more should be top of mind for audit committees.

Five Things Directors Should Know When Working With the Internal Audit Function

To prepare for The Institute of Internal Auditor’s latest Global Internal Audit Standards, effective in 2025, boards can consider these focus areas when working with their internal audit teams.

Cybersecurity and Enterprise Risk Management: New Report Highlights Top Priorities for Audit Committee Members

Learn key insights from the 2024 Audit Committee Practices Report, which offers insight into the changing role of the audit committee, including committee priorities, challenges, opportunities, and practices.

For Audit Committees Facing Scope Creep, New Report Sheds Light on Best Practices

Audit committees are critical to high-quality financial reporting, which is, in turn, critical to functioning capital markets.