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This Update summarizes recent developments relating to public company audit committees and their oversight of financial reporting and of the company’s relationship with its auditor.

In this update:

  • SEC Chief Accountant Has Some Suggestions for Audit Committee "Critical Gatekeepers"
  • Big Four 2015 Inspection Reports Summary
  • CAQ Provides a Map for Audit Committees on the Road to Implementing Revenue Recognition
  • Audit Fees Are Still Climbing, But Some Large Companies May Have a Solution
  • SASB on the State of Sustainability Disclosure: Too Much Boilerplate, Too Few Metrics
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