Attention Audit Committees! Are You Set For 2017? (Step 2)

How have the roles and responsibilities of audit committees ("ACs") changed in the wake of new regulation that has recently become effective? We've put together a 6-part series about updates and challenges stemming from the law of 23 July 2016 on the audit profession and Regulation (EU) N° 537/2014.

Step1: Does your entity require an AC? Who should be on it?

Step 2 – What are the roles and responsibilities of the AC?

Step 3 – How should the AC be involved in the tender process?

Step 4 – What is the specific role of the AC in terms of non-audit services?

Step 5 – What kind of relationship should the AC maintain with the external auditor?

Step 6 – What should the additional report of the external auditor to the AC include?