Detail The State of Audit Commitees   Oleh:  Raghunandan, Kannan ; Read, William J. Jenis: Article from Bulletin/Magazine Dalam koleksi: Journal of Accountancy vol. 191 no. 5 (2001), page 57-62. Topik: audit; state; audit commitees Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: JJ85.12 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel Audit committees of corporate boards of directors have come under increased scrutiny in the wake of numerous financial reporting improprieties and breakdowns in corporate governance. In a much - quoted September 1998 speech, SEC Chairman Arthur Levitt chided audit committees for not being more vigilant in their oversight function and called for "strengthening of the audit committee process” (see “Arthur Levitt Addresses Illusions,” JofA, Dec.98, page 12). On the heels of Levitt’s address, the New York Stock Exchange and the National Association of Securities Dealers created the Blue Ribbon Committee (BRC) on Improving the Effectiveness of Corporate Audit Committees, which moved quickly to issue recommendations geared to enhancing audit committee independence and director qualifications (see “Blue Ribbon Panel Issues Its 10 Commandments,” JofA, Apr.99, page 4). The blue ribbon committee urged the major U. S. securities exchanges and the SEC to require audit committees to be composed only of independent directors, with at least one committee member having accounting or related financial management expertise. Shortly after the blue ribbon committee issued its recommendations, the authors conducted a survey of audit committees that provided insight into whether their effectiveness would improve if they were to adopt the BRC’s recommendations on independence and director qualifications. The findings should engage audit committees, auditors, regulators, standard - setters, corporate management and others with an interest in the role of audit committees in the financial reporting process and the likely impact of new rules on the committees. Some observers expect the BRC’s rules on independence and director qualifications will result in audit committees that are more objective and competent in fulfilling their corporate governance responsibilities. Limited insight exists, however, into the effect these rules will have on the regularity of audit committee meetings and on the adoption of recommended committee activities. Among the questions are, for example, will independent audit committees that have at least one member who is qualified in accounting or financial management meet more frequently and for longer time periods than committees without such members ? Will independent audit committees with expertise in accounting or finance be more proactive in reviewing internal controls ? Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

Copyright © 2006, 2007 Unika Atma Jaya, all rights reserved