Assuming the Role of Audit Committee Chair

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The role of the audit committee chair is increasingly demanding, requiring strong leadership, independence, sound judgment, and continual education as regulatory expectations, risk profiles, and stakeholder scrutiny evolve. 

An effective chair plays a critical role in shaping committee culture, maintaining accountability, and ensuring disciplined oversight of financial reporting, risk management, compliance, and internal controls over financial reporting (ICFR). 

This practice aid is designed to support audit committee chairs at every stage of tenure, whether newly appointed or highly experienced, by translating regulatory expectations and leading practices into practical, actionable guidance for effective oversight. The publication explores:

Defining the audit committee chair role and accountability under the audit committee charter and applicable laws, regulations, and listing requirements 

Leadership expectations by chair tenure, including distinct focus areas for first time and experienced chairs 

Executing the chair role, from agenda setting and education to committee self evaluation and proxy disclosures 

Core leadership attributes of an effective audit committee chair 

Communicating with stakeholders and meeting preparation to prioritize meeting topics and time allocation

Expanding role of the audit committee, from ICFR oversight and heightened situations to oversight of emerging risk and technology governance

Note: This practice aid will continue to evolve over time as rulemaking, best practices, and resources continue to develop.

Disclaimer: This publication has been prepared by BDO and is intended to provide general information only. It is not intended to be definitive, all-inclusive, or a substitute for professional advice or the reading of relevant rules, standards, and regulations. Users are encouraged to consult the applicable authoritative guidance and seek professional advice as appropriate. BDO shall not be held liable for any loss or damages arising from the use of, reliance on, or reference to this publication.


The BDO Center for Corporate Governance endeavors to support directors in engaging in effective governance by providing insights, learning, and networking opportunities in collaboration with BDO subject matter specialists and advisors designed specifically for boards of directors.

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