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CAQ and Audit Analytics issue report on audit committee transparency

  • CAQ (US Center for Audit Quality) Image

Nov 06, 2015

The CAQ and Audit Analytics have issued the 2015 edition of “Audit Committee Transparency Barometer,” which analyzes how audit committees of public companies publicly communicate their oversight activities “by measuring the robustness of proxy disclosures among companies in the S&P Composite 1500.”

The report compares the 2014 and 2015 data and concludes that “audit committees are responding to an increasing interest by investors, regulators, and other stakeholders in the roles and responsibilities of audit committees by providing the marketplace with meaningful information about their role in external auditor oversight.” In addition, the report cites examples of audit committees’ “leading disclosure practices” indicating that the committees have been tailoring disclosures to their companies rather than “using a one-size-fits-all approach.”  

For more information, see the press release and report on the CAQ’s Web site.

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