Catch the current seeks to explain the raft of rules, regulations and guidance facing audit committee members.  It is a comprehensive guide to the many aspects of the role of an audit committee member.

The guide gives an insight into the main issues for example, preparing an audit committee report, communicating with shareholders and appraising the external auditors.  Effective audit committees ask the right questions and, to assist with this, the guide provides questions on the key components of an audit committee’s responsibilities.  Relevant checklists and reports are included."

If one searches for the term ‘audit committee’ online one will get over 34 million hits in just over a tenth of second. Audit committees are now a common component of governance – companies have them, government departments have them, councils have them and schools may have one. The composition and function of these committees will vary from organisation to organisation, but the theory will remain broadly the same. The audit committee is created with the aim of enhancing confidence in the integrity of an organisation’s processes and procedures relating to internal control and corporate reporting.

For UK companies, up until recently, the only requirements for audit committees applied to companies listed on the main market of the London Stock Exchange via the Combined Code on Corporate Governance.

For further information, download our publication Catch the current - the audit committee knowledge. (PDF, 503KB)