Audit Committee Effectiveness Center

A key element in the corporate governance process of any organization is its audit committee. The battle for financial statement integrity and reliability depends on balancing the pressures of multiple stakeholders, including management, regulators, investors and the public interest. We present the guidance and tools to make audit committee best practices actionable.

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Fraud risk management guidance updated by COSO
Sept 2016: A newly updated Fraud Risk Management Guide builds upon Managing the Business Risk of Fraud: A Practical Guide. The updates consider recent developments in risk management practices, including information related to technology and data analytics.
New international framework takes broad look at audit quality
A new international framework for audit quality takes a broad look at how the stakeholders in the audit process can work to make audits better.
The AICPA Audit Committee Toolkit: Public Companies
The SEC plans to consider whether a single set of high-quality global accounting standards is achievable, according to one initiative described in a draft of the commission’s strategic plan for 2014 to 2018.

AICPA Audit Committee Toolkits  

The audit committee toolkits are designed to make audit committee best practices actionable for audit committees of public companies, private companies, not-for-profit organizations, and government entities.

Access specific information on specific toolkit below:


The AICPA Audit Committee Toolkit: Not-For-Profit Entities 3rd Edition

This toolkit takes the guesswork out of effectively establishing and managing an audit committee by providing dozens of useful tools and the most common forms for effective audit committee operation, as well as tools specially tailored for not-for-profit entities.

The AICPA Audit Committee Toolkit: Public Companies, 3rd Edition

The Toolkit was developed to help audit committees achieve best practices for managing and incorporating their role in the company.

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