Catch The 2009 Current: The Audit Committee Knowledge

INTRODUCTION

The audit committee has become in recent years one of the main pillars of the corporate governance system in British public companies. With this increased importance has come increased responsibilities and the need for guidance on the duties of an audit committee. Last year, Deloitte published "Catch the current – the audit committee knowledge" with a view to meeting that need. It was designed to be a "one-stop shop" for audit committee members and received excellent feedback from readers.

At that time there were some signs of the challenging environment ahead but the current intensity of those challenges was not expected. The past twelve months have seen a number of significant events, both planned and unplanned, affecting audit committees. It was therefore timely and essential to produce "Catch the 2009 current". The new developments covered in this edition are: