The Audit Committee Handbook - Hardcover

Braiotta Jr., Louis; Gazzaway, R. Trent; Colson, Robert; Ramamoorti, Sridhar

9780470560488: The Audit Committee Handbook

Hardcover

ISBN 10: 0470560487 ISBN 13: 9780470560488

Publisher: Wiley, 2010

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The Audit Committee Handbook, Fifth Edition

The Audit Committee Handbook, Fifth Edition guides you to:

Understand the role and responsibilities of the audit committee with a general update and reality check on auditing cycle activities
Identify the developments that impact audit committee practices and the most current techniques and strategies for committee meetings
Develop a repertoire of effective strategies to help the board of directors discharge its fiduciary responsibility to shareholders
Prepare a periodic assessment of professional development activities and an informed review of both audit processes and financial reporting processes

A must-have for all audit committee members, board directors, corporate secretaries, CEOs, CFOs, and auditors involved in the accounting practices of their firms, The Audit Committee Handbook, Fifth Edition is the most authoritative work on audit committees in the marketplace.

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From the Back Cover:

"The Audit Committee Handbook, Fourth Edition serves as anexcellent and functional road map for audit committee members, corporate boardmembers, and practitioners operating within today's vastly changing regulatoryenvironment . . . providing the tools for better adherence to the newlyenacted, higher standards of corporate responsibility."�Jo Ann Golden, CPA,Past president, New York State Society of Certified Public Accountants,Partner, Dermody, Burke & Brown, CPA, PLLC

The classic guide to audit committeeresponsibilities�completely updated to cover the newest regulations
Since the publication of the Third Edition of The Audit Committee Handbook in1999, the accounting world has been turned on its heel by the major debacles ofEnron, WorldCom, Tyco, and others. With major reform in the air, auditcommittee members need the most current information available to help themadhere to the new guidelines.

The Audit Committee Handbook, Fourth Edition fills the needfor an up-to-date reference to help busy professionals perform oversightresponsibilities during this time of great financial liability. This newlyupdated Fourth Edition features:

Checklists and practical guidance to help audit committee members meet their responsibilities in this new era of accountability
The latest guidance for compliance from the SEC and the major stock exchanges
New material addressing the scandals of the past two years and their impact on audit committees
Guidance from the IIA on how to work with internal auditors

Audit committees have come under increased scrutiny due toseveral high-profile accounting scandals. In all these scandals, the auditcommittees completely failed in their oversight responsibilities and signed offon fraudulent information. With new, more stringent regulations in place toimprove oversight effectiveness, audit committees are now more accountable fortheir company's financials than ever before. The newly revised Fourth Editionof The Audit Committee Handbook is completely updated to help you comply withthe new, stricter regulations.

Comprehensive in scope and an invaluable professionalreference, this timely revision provides in-depth guidance on all functions andresponsibilities of today's audit. Addressing such changes as theSarbanes-Oxley Act of 2002 and the Securities and Exchange Commission's finalrules amending the securities laws, this Fourth Edition provides up-to-dateinformation on all the functions, duties, and responsibilities of auditcommittees, as well as their direction in the corporate governance context. Focusing on current trends and developments that maximize the effectiveness ofaudit committees, The Audit Committee Handbook also includes numerousreferences to leading organizations in both the public and private sectors.

Written to help audit committees plan their agendas andachieve their mission in corporate governance, The Audit Committee Handbookhelps professionals:

Understand the role and responsibilities of the audit committee with a general update and reality check on auditing cycle activities
Identify the developments that impact audit committee practices and the latest techniques and strategies for committee meetings
Develop a repertoire of effective strategies to help the board of directors discharge its fiduciary responsibility to the stockholders
Prepare a periodic assessment of professional development activities and an informed review of both audit processes and financial reporting processes
Understand the legal aspects of the audit committee and role of legal counsel, as well as fraudulent financial reporting

The Audit Committee Handbook is a must-have for all auditcommittee members, board directors, corporate secretaries, CEOs, CFOs, andauditors involved in the accounting practices of their firms.

From the Inside Flap:

More than ever before, audit committees areaccountable for their company's financials, especially amidst the uncertainties arising from the changing statutory, regulatory, legal, and risk environment for corporations, directors, and officers, as well as theaccounting and auditing substance of audit committees' jobs.

Completely updated to help you operate in thisever-changing environment, The Audit Committee Handbook, Fifth Edition fills the need for an up-to-date reference that helps busy professionals perform their oversight responsibilities.

The Fifth Edition features:

Updates from the latest regulatory changes
New chapters covering internal and external audit planning and oversight
New coverage of fraud risk
Broader international coverage
Advice on complying with myriad regulations while managing costs and maintaining a business focus—rather than one of compliance
Discussion of current trends and developments that maximize the effectiveness of audit committees

With action-oriented coverage to accommodate recent regulatory changes, this Fifth Edition provides in-depth guidance and up-to-date information on all functions, duties, and responsibilities of audit committees.

With numerous references to leading organizations in both the public and private sectors, The Audit Committee Handbook, Fifth Edition is invaluable as a comprehensive professional reference that—in a practical and actionable way—boils down key areas of concern for audit committee members.

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