A key element in the corporate governance process of any organization is its audit committee. The battle for financial statement integrity and reliability depends on balancing the pressures of multiple stakeholders, including management, regulators, investors and the public interest. We present the guidance and tools to make audit committee best practices actionable.

If after reviewing the website you have further questions or need of assistance, please e-mail us at ACMS@aicpa.org and we will respond within 24 hours.

Toolkit: Public Company
Toolkit: Private Company
Toolkit: Not-for-Profit
Toolkit: Government

• Improving the Audit Committee Function
  Use these resources as you plan to fulfill your audit committee charter requirements.



• Independent Auditors and the Audit Committee
  Use these resources to evaluate, select, and monitor external relationships.



• Internal Audit and the Audit Committee
  Use these resources to help you interact with, and maximize the effectiveness of, the internal audit team in your organization.



• Senior Management, Board of Directors and the Audit Committee
  Use these resources to identify the interrelationships with executive management and to work with boards of directors.



• Regulatory Information and Financial Reporting
  Use these resources to keep informed and set priorities to meet legislative and regulatory requirements.



• Training Your Board of Directors
  This is one company's best practice for training its board of directors.

New Strengthening Enterprise Risk Management for Strategic Advantage outlines four areas of focus

New Effective Enterprise Risk Management Starts with a Conversation

New Effective Enterprise Risk Oversight: The Role of the Board of Directors - COSO

New The Board and Senior Executive Roles in Risk Oversight: Taking a Strategic View of the Enterprise

FASB Accounting Standards Codification: A Primer for Audit Committees

The American Reinvestment and Recovery Act of 2009: A Primer for Audit Committees

Guide to Public Company Auditing

Navigating the Current Economic Crisis: What It Means for Business

Current Economic Crisis: Accounting Issues and Risks for Financial Management and Reporting—2009

Report on the Current State of Enterprise Risk Oversight

Center for Audit Quality Releases Report on Lessons Learned in Performing an Integrated Audit

Audit Committee Best Practices: Questions for Executive Sessions

Quality of Earnings and Earnings Management

S&P’s ERM Reviews for Non-Financial Issuers – Where Do We Stand?

Current Accounting Issues and Risks: An Alert for Audit Committee

Center for Audit Quality (CAQ) Alert Highlights Section 404(a) Deficiencies of First Time Filers Noted in SEC Reviews

Off-Balance-Sheet Arrangements and Other Disclosures

International Financial Reporting Standards (IFRS)

Fair Value Accounting Explained. Access FAQs and resources on fair value accounting.

Not-for-Profit Organizations Accounting Issues and Risks 2009: Strengthening Financial Management and Reporting - Financial Reporting Alert

Board and Audit Committee Involvement in Risk Management Oversight

XBRL: What Should the Audit Committee Consider?

Foreign Corrupt Practices Act – Primer and Tool for Audit Committees

April 2008 ASEC White Paper: The Shifting Paradigm in Business Reporting and Oversight

PCAOB Adopts New Ethics and Independence Rule Concerning Communications with Audit Committees and an Amendment to its Existing Tax Services Rule

CAQ Report on the Survey of Audit Committee Members

Enterprise Risk Management and Audit Committee

Managing the Business Risk of Fraud: A Practical Guide

The Risk Assessment Standards: Key Points to Remember

Eight Habits of Highly Effective Audit Committees

Fraud . . . Can Audit Committees Really Make a Difference?

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