Spotlight: Audit Committee Resource
As part of their responsibilities, it is important that audit committees engage in effective two-way communication with auditors and ask relevant questions throughout the audit. The Spotlight groups questions that audit committees may want to consider regarding the auditor’s work on the following topics: Risk of fraud, risk assessment and internal controls, auditing and accounting risks, digital assets, merger and acquisition activities , use of the work of other auditors, talent and its impact on audit quality, independence, critical audit matters and cybersecurity.