Audit Committee Toolkit
Audit committee member toolkit
June 2009
Table of contents
Audit committee charter
Example audit committee charter ..............................................................................................................................1
Audit committee report
Example report of the audit committee ....................................................................................................................11
Financial expertise
Audit committee financial expert questionnaire .......................................................................................................14
Meetings
Example audit committee meeting planner .............................................................................................................20
Orientation of new members
Background information for new committee members............................................................................................28
Oversight of auditors
Matters for consideration regarding audit results ....................................................................................................31 Matters for consideration regarding audit scope .....................................................................................................34 Matters for consideration regarding the internal audit function ...............................................................................37 Matters to consider when selecting or evaluating independent registered public accountants .............................39 Private session with the auditors..............................................................................................................................40
Review of financial information
Questions related to review of financial statements ................................................................................................43 Topics for consideration for quarterly
June 2009
Table of contents
Audit committee charter
Example audit committee charter ..............................................................................................................................1
Audit committee report
Example report of the audit committee ....................................................................................................................11
Financial expertise
Audit committee financial expert questionnaire .......................................................................................................14
Meetings
Example audit committee meeting planner .............................................................................................................20
Orientation of new members
Background information for new committee members............................................................................................28
Oversight of auditors
Matters for consideration regarding audit results ....................................................................................................31 Matters for consideration regarding audit scope .....................................................................................................34 Matters for consideration regarding the internal audit function ...............................................................................37 Matters to consider when selecting or evaluating independent registered public accountants .............................39 Private session with the auditors..............................................................................................................................40
Review of financial information
Questions related to review of financial statements ................................................................................................43 Topics for consideration for quarterly