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.

If after reviewing the website you have further questions or need of assistance, please e-mail us at ACMS@aicpa.org and we will respond within 24 hours.

Toolkit: Public Company
Toolkit: Not-for-Profit
Toolkit: Government

• Improving the Audit Committee Function
  Use these resources as you plan to fulfill your audit committee charter requirements.



• Independent Auditors and the Audit Committee
  Use these resources to evaluate, select, and monitor external relationships.



• Internal Audit and the Audit Committee
  Use these resources to help you interact with, and maximize the effectiveness of, the internal audit team in your organization.



• Senior Management, Board of Directors and the Audit Committee
  Use these resources to identify the interrelationships with executive management and to work with boards of directors.



• Regulatory Information and Financial Reporting
  Use these resources to keep informed and set priorities to meet legislative and regulatory requirements.



• Training Your Board of Directors
  This is one company's best practice for training its board of directors.

New PCAOB Adopts New Ethics and Independence Rule Concerning Communications with Audit Committees and an Amendment to its Existing Tax Services Rule

New New Current Accounting Issues and Risks 2008 — Strengthening Financial Management and Reporting

New CAQ Report on the Survey of Audit Committee Members

New Enterprise Risk Management and Audit Committee

New Audit Committee and Risk Management

New The Audit Committee's Role in Risk Oversight: Taking a Strategic View of the Enterprise

October 23-24, 2008 - New York, NY - Interact with leading experts on emerging trends relating to ERM, audit committee governance and strategic planning at this new conference.

New International Financial Reporting Standards (IFRS)

New GAAP Codification

Section 404 Guidance for Small Business

Current Accounting and Disclosure Issues in the Division of Corporation Finance

Exposed for comments, new guidance paper “Managing the Business Risk of Fraud: A Practical Guide”

The ACFE, AICPA, and IIA have jointly released an exposure draft of proposed guidance to organizations on establishing an approach to managing the risk of fraud. The paper will be open for comment through December 21, 2007 with a final version of the paper due out in January 2008. Comments on the draft paper can be sent to fraudguidance@theiia.org. Click here to read the white paper exposure draft.

The Risk Assessment Standards: Key Points to Remember

Eight Habits of Highly Effective Audit Committees

Fraud . . . Can Audit Committees Really Make a Difference?

Management Override of Internal Controls: The Achilles Heel of Fraud Prevention
The Audit Committee and Oversight of Financial Reporting

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