Practical Guide for Audit Committees
- Topic Index
- STOP PRESS
- What’s changed in Practical Guide for Audit Committees?
- About the author
- 1 Introduction
- 2 Corporate Governance
- 3 Audit committee background, structure and people
- 4 Shareholders, Stakeholders and Corporate Social Responsibility
- 5 Audit Committee Terms of Reference
- 6 Strategy, risk and control
- 7 Internal audit
- 8 External audit – how deep is the challenge?
- 9 Going concern
- 10 Audit committee reporting
- 11 Conclusions and the future of corporate governance
- Corporate Governance codes and guidance
Audit committees sit at the epicentre of effective governance, and the expectations from them has risen exponentially across the past 25 years.
This practical guide considers each aspect of the audit committee requirements in detail, establishing the principles involved, considering perceived best practice and suggesting a plethora of different approaches that can be taken to deliver value and effective governance.
The guidance is aimed at people from any type or size of organisation who are involved with or need to know more about how to structure and operate an audit committee. The latest 2016 guidance from the Financial Reporting Council is used as a benchmark; whilst recognising that it strictly applies to UK listed companies, the approach taken addresses any type or size of organisation and audit committee to consider how they meet the generic challenges raised in each section of the guidance.
The text includes many practical examples and models which can be taken and used within any organisation.