Audit Committee Formation in the Aftermath of 2007-2009 Global Financial Crisis, Volume II

Introduction

To effectively fulfill their new challenging oversight functions and responsibilities in the aftermath of the global 2007–2009 financial crisis, audit committees are seeking guidance and best practices. This volume is intended to provide such guidance and best practices regarding oversight functions of the audit committee in the areas of corporate governance, financial reporting, internal controls, and audit activities. The ever-changing corporate governance and the financial reporting process continue to present audit committees with challenges and opportunities to improve the effectiveness of their oversight function. Recent regulatory reforms have shifted some of management’s financial reporting and audit involvement responsibilities ...