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SEC proposes revisions to audit committee disclosure requirements

  • SEC (US Securities and Exchange Commission) Image

Jul 01, 2015

The SEC has issued a concept release that requests feedback on potential enhancements to the audit committee disclosure requirements.

In particular, the Commission is hoping to learn more about the factors the audit committee considers when overseeing the independent auditor. Regarding the need for an ongoing assessment of these requirements, SEC Chairman Mary Jo White points out that “[t]he way audit committees exercise their oversight of independent auditors has evolved and it is important to evaluate whether investors have the information they need to make informed decisions.”

Comments on the concept release are due by September 8, 2015.

For more information, see Deloitte's related journal entry as well as the press release and concept release on the SEC’s Web site.

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