The first post-Enron guide for audit committees, management and auditors is set out in a 15-chapter book, co-authored by Deloitte partner Jim Goodfellow and Maureen Sabia, a lawyer, corporate director and audit committee chair. It is published by the Canadian Institute of Chartered Accountants.

This how-to book helps audit committees make the transition from the traditional audit committee to the new audit committee demanded by investors today. The book:

• provides a framework for enhancing audit committee effectiveness, such as how to develop a charter that sets out their responsibilities
• focuses the critical need to establish and manage relationships among the board of directors, audit committee, management and the external auditor
• includes guidance on how to deal with tough issues and probe for information from management and auditors
• examines recent initiatives in Canada and the U.S. to restore confidence in the capital markets, including the Sarbanes-Oxley Act

“Jim Goodfellow and Maureen Sabia bring a depth and breadth of experience to the relationship of the external auditor to the audit committee, which Integrity in the Spotlight explores and describes in an extraordinarily instructive manner. With the intense focus on the accuracy of financial disclosure and the evolving roles of the auditor and the audit committee to the disclosure process, Integrity in the Spotlight should be carefully studied by all players in the capital formation program.”  ― Peter Dey, Partner, Osler Hoskin & Harcourt

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Read the CICA media release