• Effective Audit Committee Guide

How Should an Effective Audit Committee be Governed?

An audit committee should adopt a formal written charter that is focused on the mission of the audit committee. 

How Much Time Should an Audit Committee Member Spend on Committee Work?

The complexity of the organization’s activities, its stage of development and magnitude of its issues will determine the audit committee’s agenda.

How Does One Maximize the Benefits in Conducting Audit Committee Meetings?

The audit committee needs to participate in the agenda-setting process up front along with other appropriate individuals (e.g., external and internal auditors and management), and the audit committee chair needs to preside over these meetings to ensure adherence to this agenda.

NACD’s “Ten Principles of Effective Audit Committee Oversight”

The NACD Blue Ribbon Commission on the Audit Committee recommends the following principles that it believes provide “a foundation for engaged, effective audit committee oversight.”

How Should an Audit Committee Evaluate its Own Effectiveness?

We believe that an audit committee should conduct an annual assessment of its own effectiveness. There are a number of ways to conduct this self-assessment.

How Should an Audit Committee Remain Current with Regard to Technical Guidance?

We believe that an audit committee should conduct an annual assessment of its own effectiveness. There are a number of ways to conduct this self-assessment.

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Contacts

William Eisig
William Eisig Assurance Managing Partner 703-336-1401
Marc Berger
Marc Berger National Director, Nonprofit Tax Services 703-336-1420
Lee Klumpp
Lee Klumpp National Assurance Partner – Nonprofit & Government 703-336-1497
Tammy Ricciardella
Tammy Ricciardella National Assurance Director, Nonprofit Government 703-336-1531
Andrea Wilson - BDO McLean
Andrea Wilson Principal; Nonprofit & Education Advisory Services Leader 703-752-2784
Susan Friend
Susan Friend National Assurance Director - Nonprofit & Government 954-626-2964
See all contacts

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