The classic guide to audit committee responsibilities, completely updated to cover the newest regulations. This 4th edition fills the need for an up to date reference to help busy professionals discharge their oversight responsibilities. Features: checklists and practical guidance to help audit committee members meet their responsibilities; guidance from IIA Inc on working with internal auditors; new material addressing the scandals of the past two years and their impact on audit committees; latest guidance for compliance from the SEC and major stock exchanges.

This revision addresses such changes as the Sarbanes-Oxley Act of 2002 and the SEC's final rules amending the securities laws. Written to help audit committees plan their agendas and achieve their mission in corporate governance, The Audit Committee Handbook will help you to:

• Understand the role and responsibilities of the audit committee, a general update and reality check on auditing cycle activites
• Identify the developments that impact audit committee practices, latest techniques and strategies for committee meetings
• Develop a repertoire of effective strategies to help the board of directors discharge its responsibility to stockholders
• Prepare a periodic assessment of professional development activities and an informed review of both audit and financial reporting processes
• Understand the legal aspects of the audit committee and the role of legal counsel, as well as fraudulent financial reporting

 

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