Accounting policy & practice series ; 5502-2nd.
"Bloomberg Tax Accounting Portfolio, 5502-2nd Audit Committees, covers the establishment and maintenance of effective audit committees after the Sarbanes-Oxley Act of 2002, as well as the historical development of audit committees prior to 2002. Major policy and procedural issues facing today's audit committee are explained, as well as the functions and the responsibilities of a typical committee and the potential liability of audit committee members. The portfolio also discusses two influential documents: the Report & Recommendations of the Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees and the study commissioned by the Committee of Sponsoring Organizations of the Treadway Commission (the COSO Report). The response to these reports by the Securities and Exchange Commission and by the major stock markets is analyzed. Finally, the particular situation of audit committees of insured depository institutions and not-for-profit entities is examined, and the role of audit committee counsel is reviewed."
Bibliography, etc. Note
Includes bibliographical references.
Formatted Contents Note
I. Introduction II. Audit committee provisions of the Sarbanes-Oxley Act of 2002 and recent developments III. The audit committee report IV. Auditor independence rules V. Audit committee policy and procedural issues VI. Functions and responsibilities VII. Potential liability of audit committee members VIII. Pre-Sarbanes-Oxley audit committee development IX. Insured depository institution audit committees X. Nonprofit entities XI. Role of counsel to the audit committee XII. Summary of the Sarbanes-Oxley Act of 2002 Working papers.
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Source of Description
Description based on contents viewed on May 6, 2019; title from description page.