Đang chuẩn bị nút TẢI XUỐNG, xin hãy chờ
Tải xuống
Audit committees of public companies and registered investment companies have direct responsibility to oversee the integrity of a company’s financial statements and to hire, compensate and oversee the external auditor. Public focus on how audit committees discharge their responsibilities, including their oversight of the external auditor, has increased significantly. Each year, audit committees should evaluate the external auditor in fulfilling their duty to make an informed recommendation to the Board whether to retain the auditor. The evaluation should encompass an assessment of the qualifications and performance of the auditor; the quality and candor of the auditor’s communications with the audit committee. | OCTOBER 2012 Association of Audit Committee Members Inc. Center for Audit Quality Corporate Board Member NYSE Euronext Independent Directors Council Mutual Fund Directors Forum National Association of Corporate Directors Tapestry Networks Audit Committee Annual Evaluation of the External Auditor INTRODUCTION Audit committees of public companies and registered investment companies have direct responsibility to oversee the integrity of a company s financial statements and to hire compensate and oversee the external auditor. Public focus on how audit committees discharge their responsibilities including their oversight of the external auditor has increased significantly. Each year audit committees should evaluate the external auditor in fulfilling their duty to make an informed recommendation to the Board whether to retain the auditor. The evaluation should encompass an assessment of the qualifications and performance of the auditor the quality and candor of the auditor s communications with the audit committee and the company and the auditor s independence objectivity and professional skepticism. To this end this assessment questionnaire can be used by audit committees to inform their evaluation of the auditor i.e. the audit firm as well as the lead audit engagement partner audit team and engagement quality reviewer . The sample questions highlight some of the more important areas for consideration and are not intended to cover all areas that might be relevant to a particular audit committee s evaluation of its auditor or suggest a one size fits all approach. Moreover this assessment tool is not meant to provide a summary of legal or regulatory requirements for audit committees or auditors. Sources of additional information on hiring and evaluating the auditor and an overview of portions of the relevant standards on required auditor communications with the audit committee are included at the end of this assessment. ASSESSMENT PROCESS The annual auditor assessment .
