Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act (Portfolio 5401)
This Portfolio discusses the essential and fundamental aspects and functions of audit committees, focusing on their working relationship with other corporate governance participants.
Bloomberg Tax Portfolio 5401, Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act, discusses the essential and fundamental aspects and functions of audit committees, focusing on their working relationship with other corporate governance participants including the board of directors, executives, internal auditors, external auditors, legal counsel, financial analysts, investment bankers, governing bodies, standard setters, and other stakeholders.
This Portfolio describes foundations of audit committees including their importance as guardians of the public trust. It discusses the determinants of effective audit committee including structure, attributes, and operations. This Portfolio examines the oversight functions of audit committees including corporate governance, financial reporting, internal controls, external auditing, risk assessment, ethics, whistleblower, and tax. It also discusses audit committee reporting responsibility and accountability. Finally, this Portfolio elaborates on emerging issues affecting audit committees.
This Portfolio will interest anyone involved with corporate governance, the financial reporting process, and audit functions. Specifically, corporations and their executives, the boards of directors and audit committees, internal and external auditors, accountants, governing bodies, users of financial statements (investors, creditors, pensioners), business schools, and other professionals (attorneys, financial analysts, bankers) will find this Portfolio instructive.
This Portfolio may be cited as Bloomberg Tax Portfolio 5401, Rezaee, Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act (Accounting Policy and Practice Series). Within the Accounting Portfolio Series, however, references to the Portfolios will include only the Portfolio numbers and titles.
Table of Contents
II. Foundations of Audit Committees
III. Fundamentals of Audit Committees
IV. Oversight Functions of the Audit Committee
VI. Miscellaneous Issues Concerning Audit Committees
Thompson-Hill Chair of Excellence and Professor of Accounting
University of Memphis