On the audit committee’s agenda; Aligning the disclosure committee in the era of disclosure
The report emphasizes the importance of disclosure committees in assisting CEOs and CFOs with SEC-required disclosures and ensuring the accuracy and timeliness of company filings. The committees' duties include reviewing SEC filings, supporting Sarbanes-Oxley Act certification requirements, and overseeing financial reporting controls. In this transitional period, the report suggests enhancing disclosure committees by updating their charters, reassessing membership, and improving operational procedures. The report further provides additional resources, including Deloitte's SEC rule resources and considerations related to the Climate Disclosure Rule.