Sample Audit Committee Questions to Ask of Auditors & Management
To assist the audit committee in performing its duties, the following is a list of questions they may ask the auditors and management in the context of periodic discussions (i.e., audit planning meeting; quarterly review meetings; and pre- and post-earnings release meetings). However, committees are cautioned against falling into a checklist mentality where the basic goal is completion of the checklist itself, rather than conducting their own company-specific investigation. Accordingly, these questions should be tailored to the circumstances of each company. You may find many of the following questions are appropriate to ask more broadly of both the auditors and management.