Audit Committee Disclosure Becoming More Transparent

November 13, 2015

The Center for Audit Quality recently reviewed public company proxy statements for the robustness of disclosure concerning the audit committee’s oversight activities. The report found an increase in voluntary, enhanced disclosure relating to the audit committee’s oversight of the external auditor. In particular, according to the report, “the data shows double-digit growth in the percentage of S&P 500 companies disclosing information in several key areas of external auditor oversight, including external auditor appointment, engagement partner selection, engagement partner rotation, and evaluation criteria of the external audit firm. 

View All Ticker Posts