audit committee

A panel at the 2014 World Congress of Accountants explored the qualities of an effective audit committee. Interestingly, their recommendations included:

1. 01

   Diverse mix of skills and expertise including a greater knowledge of technology;

2. 02

   Access to external experts when necessary;

3. 03

   An eye to future risks;

4. 04

   Communication skills to engage other committee members, management, external auditors, and internal auditors;

5. 05

   A robust definition of independence.

For more information on effective audit committees, please see the referenced article from the Journal of Accountancy, or contact Eric Van Dop at (231) 726-5855, or evandop@brickleydelong.com.