Improve financial reporting with an effective audit committee
Audits and financial reporting are enhanced by strong, independent audit committees. These committees oversee external audits and evaluate the company’s risk management, legal and regulatory compliance, and control environment. It’s important to carefully choose who serves on your committee. Committee members should have the time, commitment, and experience to do the job well. Financial literacy and industry knowledge are essential. Ideally, they should be independent with respect to financial and business interests with the company.
Read the article to learn more, and contact us for more information about the audit committee’s role in the financial reporting process and best practices for selecting members.
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