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Audit committee articles

Articles, feature and reports from the ICAEW on the work and responsibilities of the audit committee.

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How do you know if your audit committee is effective

Audit Committees are playing an increasingly critical corporate governance role in terms of their leadership on financial reporting, internal controls, risk management and the internal and external audit functions.

Smaller Listed and AIM Quoted Companies

Designed to give investors, and other users, the ability to assess the financial integrity of a company, financial reporting and compliance with relevant reporting frameworks is an essential tool for holding management to account. More than this, high quality financial reporting can contribute to a strong and efficient economy by improving transparency and liquidity and thereby lowering the cost of capital.

9 Traits of an effective Audit Committee

Corporate Governance Community Corporate Governance Community Newsletter September 2018

Having an effective Audit Committee is essential for good corporate governance as it leads on financial reporting, internal controls, risk management and external audit functions.

Whistleblowing and the Audit Committee

Corporate Governance Community Corporate Governance Community Newsletter February 2018

Having a trustworthy whistleblowing process in place has become increasingly important as more and more high profile whistleblowers come to prominence in the media.

Internal audit - Members opinions

Martyn Scrivens | Mary Hardy Business and Management May 2015

In the February issue of Finance & Management, we published an article by Robin Pritchard, focusing on the need for audit committees to demand more of their internal audit function, and for internal audit to take a more proactive role in the business. Here two veterans of internal audit give their responses.

Lines of defence

Robin Pritchard Business and Management February 2015

Professor Robin Pritchard considers the critical role that audit committees and internal audit must play in the governance of a successful organisation.

Getting value from internal auditors

NEDs’ audit committee responsibilities include the appointment, direction and oversight of the organisation’s internal audit function. Most of us now understand the difference between internal and external auditors but how do you know you are getting an effective service from internal audit?

Audit tendering

Audit Review has published a Technical Note about the requirements of the revised UK Corporate Governance Code and Guidance on Audit Committees.

Not so fast, Mr Thorpe

In issue 62 of FS Focus, the FSA's Richard Thorpe expressed serious doubts about whether financial services firms' internal audit functions were fit for purpose.

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