Islamabad -- In the first survey of its kind on audit quality conducted by the Audit Oversight Board (AOB) in February-March this year, 89 percent of audit partners said that audit staff comprising managers and trainees is the most important factor for audit quality, followed by 73 per cent who chose
audit committees and 60 per cent who selected audit fee.
ISLAMABAD -- Audit Oversight Board (AOB) has organized first survey on audit quality in which 89 percent of audit partners have said audit staff comprising managers and trainees is the most important factor for audit quality, followed by 73 per cent chose
audit committees and 60 per cent selected audit fee.
ISLAMABAD: Audit Oversight Board (AOB) has organized first survey on audit quality in which 89 percent of audit partners have said audit staff comprising managers and trainees is the most important factor for audit quality, followed by 73 per cent chose
audit committees and 60 per cent selected audit fee.
A report on research into the effect of
audit committees in the March 2018 CPA Journal (April Klein, "Questioning the Effectiveness of Independent
Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?" http://bit.1y/2LFI6mg) describes measuring various market and other effects of the
audit committee and finding none:
The report summarizes the results of an IOSCO survey of its members regarding the existing legal, regulatory and other requirements related to the oversight by
audit committees of the auditor and the audit process of domestic publicly-listed entities.
Leading
audit committees are recognizing that efficiency and effectiveness inside the boardroom increasingly hinges on spending time outside of the boardroom--visiting company facilities, interacting with employees and customers, and hearing outside perspectives--to understand the tone, culture, and rhythm of the organization.
The Securities and Exchange Commission (SEC) is trying to gather information from the public about the work of
audit committees at public companies.
Summary: The Securities and Exchange Commission (SEC) is trying to gather information from the public about the work of
audit committees at public companies.
Commenting on the important role that
audit committees play, H.E Hamad Buamim said: EeAoIt is a great pleasure to launch the KPMG-Hawkamah
Audit Committee Institute, which has been set up to serve the lower Gulf region.
Municipal
audit committees carry out specific responsibilities assigned to them by the city council--typically oversight of financial reporting, risk management, internal controls, ethics, and audit activities.
The corporate governance reform concerning
audit committees in Korea is generally effective: the choice of
audit committee members should improve shareholder wealth.