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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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Spotting internal audit risk areas

ICAEW London Accountant January 2020

ICAEW’s Internal Audit Panel has identified eight risk areas where boards and audit committees should be asking themselves whether they are receiving the objective assurance they need amid increased public scrutiny.

Audit committees in Europe

A key feature of effective corporate governance, audit committees play a pivotal role in overseeing the integrity and quality of financial reporting. As such, they are a natural source of insights into how businesses are approaching changing governance, reporting, audit and risk management requirements.

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?

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