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How Do You Conduct an Effective Audit Committee Assessment?

Key Takeaways:

- The SEC and NYSE require annual Audit Committee assessments.
- Co-developed by the Financial Executives Research Foundation, The Audit Committee Index? is an anonymous, web-based evaluation tool used to benchmark Audit Committees against best practices.
- The Audit Committee Index is comprised of approximately 70 questions and takes about 15 minutes to complete.
- Both quantitative and qualitative data is used to assess the audit committee in three key areas: Committee Structure and Composition; Role of Audit Committee Members; and Leadership of the Committee.

The Board Institute, Inc.
Susan Shultz, President

Posted on Oct 28, 2008 - 10:05 PM









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