PracticeAuditAudit committees urged to seize agenda

Audit committees urged to seize agenda

Fair value among the issues audit committee members should watch

Experts at KPMG have urged audit committees to retake control of their own
agendas in a list ten things they must do this year.

The firm’s
Audit
Committee Institute
said they should keep a close watch on the fair value
debate and rethink the audit committee’s role in risk oversight.

“Audit committee members know they have a sizeable task in 2010 as they
confront high shareholder expectations, new regulations and legislative reforms,
and a tenuous economic recovery,” said Timothy Copnell, director of the
institute.

Read more:

Clients
blind on audit quality

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