Governance in focus
A deeper dive
Our Governance in focus series provides a deeper dive, guidance and views on key aspects of the latest developments.
Audit committee effectiveness
Audit committees have been at the sharp end of the major changes in public company reporting recently introduced by regulators: the reshaped architecture of the annual report, the recently updated UK Corporate Governance Code, the revised Guidance on risk management, internal control and related financial and business reporting, the updating of ISA 700 and 720 covering audit reporting, and of course the requirements for audit committees imposed by the finalisation of the CMA investigation into the audit market. And from Europe we are seeing a number of changes regarding audit, composition of boards and public company reporting. How on earth can audit committees keep up to date and judge their effectiveness in a robust manner?
This edition of Governance in focus is divided into two sections covering key aspects of the audit committee’s remit. Section 1 provides key qualitative considerations which, we believe, differentiate between an effective audit committee and one which is just ticking the boxes. Section 2 sets out a checklist of regulatory requirements to ensure the audit committee’s work is complete.
Our governance library
Explore our governance library to find recent editions of our governance publications and updates. Directors may register to receive updates by email and can become members of the Deloitte Academy to attend briefings and debate topics in a private setting. For further details contact firstname.lastname@example.org
The Global Center collaborates with Deloitte member firms to promote dialogue and activity on the critical topic of corporate governance and its impact on corporations and their boards, investors, and others.
Governance in brief
Our Governance in brief series give you a summary of the latest corporate governance developments, incorporating details of the source, relevant dates and links to further information.