Current Developments for Audit Committees 2005

Over the past two years, audit committees have worked to incorporate required changes into their charters and agendas, and now are shifting attention to their ongoing effectiveness. As audit committees witness the continuing scrutiny of directors' actions when corporate crises come to light, they're taking a hard look at whether—and how—they're balancing their roles between monitoring management and advising management. And they're demonstrating their commitment to the job, by meeting more often and for longer periods, and ensuring meeting discussions are substantive.

See full Article.