CAQ calls for audit committees to improve disclosure on audit fees December 22nd, 2023 The Center for Audit Quality (CAQ) has urged companies to disclose more information around audit fees, particularly the connection between them and audit quality. The Audit Committee Transparency Barometer analyses audit committee disclosures of companies in the S&P 1500, reviewing disclosure […]
Read MoreThe AGM of Quintain Estates & Development plc, to be held on 9 September, will again include a separate resolution to approve the report of the Audit Committee. Furthermore, shareholders will be asked to vote on the re-election of the Chairman of the Audit and Remuneration Committees – as distinct from their re-election to the […]
Read MoreNine out of ten audit committee members say that the recession has increased the risk of earnings management and other misconduct – and yet fraud risk was the issue committees felt they were least effective at overseeing. Research by KPMG’s Audit Committee Institute amongst 1,000 audit committee members in 25 countries has found that the economic downturn […]
Read MoreSome 23% of FTSE 350 companies are not adequately reporting to shareholders on the activities of their audit committees, producing in effect little more than a summary of the committees’ terms of reference, research by the Local Authority Pension Fund Forum (LAPFF) has found. The LAPFF also found that the standard of audit committee reporting […]
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