Link: New help group for audit committees
Peter Wyman, president of the ICAEW, will outline the proposals in a speech tonight at Balliol College, Oxford. He will suggest that the audit committee should play a much great part in the appointment of auditors, their remuneration, and the provision of non-audit services.
He will also suggest that the council should periodically review whether incumbent firms should be re-appointed or replaced.
‘We believe that greater transparency about the workings of the Audit Committee will give greater confidence to shareholder and other users of accounts,’ Wyman will say.