This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Audit Committee Brief — Setting the standard: Update on regulatory developments affecting audit committees (February 2012)

Published on: Feb 01, 2012

Regulators have recently proposed or implemented several measures that have significant implications for audit committees. Two initiatives are the PCAOB’s reproposed standard on auditor communications with audit committees, and the FASB’s amended guidance on testing for goodwill impairment.

These standard-setting measures will have a considerable effect on the interaction of audit committees with management and the external auditors. Audit committees may want to consider addressing these topics in upcoming meetings with their management and external auditors. This edition of the brief highlights important aspects of these regulations and outlines implications for audit committees.


Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.