0
In addition to the presence of audit committees in companies listed on U.S. stock exchanges, a number of stock exchanges in Canada, Europe, Africa, the Middle East, and the Asia/Pacific region have adopted requirements for audit committees
What else can I help you with?
What is personnel audit?
A personal audit is an accounting of you the "one",of the things you say do or could be financial...ha ha IRS. Uncle Sam...lol.....But it mean a deep accounting of oneself on a metiphysical side..(my spelling sucks since i got older.lol...)
Under what circumstances would a company seek a compilation or a review instead of an audit?
Many banks want some form of assurance from small business owners (nonpublic entities) before lending them significant sums of money, but realize that an audit is not necessary
After completing an audit of financial records and they are accurate what kind of a statement should I make to the board?
If you don't know the answer to this question, then you obviously are not qualified to perform an audit (at least not a GAAP / GAAS / GAGAS, etc ). To answer question however, you would prepare an audit report which would be included in the financial statements, you would prepare a communication regarding internal controls to the board and you would also have a closing conference which would include the board and possibly management.
Importance of the auditor independence?
The degree to which the person doing the audit can be controlled (either by personal benefit or coersion, etc) by the entity being audited, directly or indirectly. This needs to be zero, no chance that the auditor can be influenced.
What is an organization' s social audit?
the process of measuring the socially responsible activities of an organization. It monitors, measures, and appraises socially responsible performance.
Are companies required to have audit committees?
Audit committees are required by the NYSE, American Stock Exchange (AMEX), and National Association of Securities Dealers (NASDAQ/National Market System issuers).
Who defines the role and responsibilities of the audit committees?
Boards of directors define the role and responsibilities of their audit committees.
What resources does the American Institute of Certified Public Accountants' Audit Committee Effectiveness Center provide?
The components of the center are the Audit Committee Toolkits (corporate, not-for-profit, and government), Audit Committee Matching System, Audit Committee e-Alerts, and a bank of materials containing information for and about audit committees.
How often do audit committees meet?
Meetings : Audit committees meet one to four times each year, with three or four meetings being the most common.
How does the public find out what the audit committee does?
Roles and responsibilities of audit committees are disclosed in the annual proxy statements of publicly owned companies.
What piece of legislation passed in the early 21st century has affected audit committees?
U.S. Congress passed the Sarbanes-Oxley Act and the SEC adopted final rules amending the securities laws. Such actions have had an impact on audit committees.
What are some tasks performed by audit committees?
audit committees, through their planning, reviewing, and monitoring activities, can recognize potential problem areas and take corrective action before problems that affect companies' financial statements and other financial disclosures arise.
What is the key function of audit committees?
They ensure that boards of directors fulfill their financial and fiduciary responsibilities to shareholders.
What has the author Ian F Y Marrian written?
Ian F. Y. Marrian has written: 'Audit committees'
What has the author Brenda Porter written?
Brenda Porter has written: 'Audit committees in private and public sector corporates in New Zealand'
How do audit committees use internal control to gain more understanding?
This question is a bit vague. If you mean how do they execute their responsibilities internally, they request company financial records from those in control of them, and audit them for compliance with federal regulations. They then have a mandate to report their findings to an external auditor.
What has the author Rocco R Vanasco written?
Rocco R. Vanasco has written: 'Lingua e tecnica delle canzoni di Giacomo da Lentini' 'The audit committee : an international perspective' -- subject(s): Audit committees 'The role of Clement VII in Guicciardini's works'
