Accounting Policy & Practice Series

Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act

 

Portfolio Description

BNA Tax and Accounting Portfolio 5401, Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act, discusses the essential and fundamental aspects and functions of audit committees, focusing on their working relationship with other corporate governance participants including the board of directors, executives, internal auditors, external auditors, legal counsel, financial analysts, investment bankers, governing bodies, standard setters, and other stakeholders.

This portfolio describes foundations of audit committees including their importance as guardians of the public trust. It discusses the determinants of effective audit committee including structure, attributes, and operations. This portfolio examines the oversight functions of audit committees including corporate governance, financial reporting, internal controls, external auditing, risk assessment, ethics, whistleblower, and tax. It also discusses audit committee reporting responsibility and accountability. Finally, this portfolio elaborates on emerging issues affecting audit committees.

This portfolio will interest anyone involved with corporate governance, the financial reporting process, and audit functions. Specifically, corporations and their executives, the boards of directors and audit committees, internal and external auditors, accountants, governing bodies, users of financial statements (investors, creditors, pensioners), business schools, and other professionals (attorneys, financial analysts, bankers) will find this portfolio instructive.

This Portfolio may be cited as BNA Tax and Accounting Portfolio 5401, Rezaee, Audit Committee Oversight Effectiveness Post Sarbanes-Oxley Act (Accounting Policy and Practice Series). Within the Accounting Portfolio Series, however, references to the Portfolios will include only the Portfolio numbers and titles.

Zabihollah (Zabi) Rezaee, CPA, CFE, CMA, CIA, and CGFM, is Thompson-Hill Chair of Excellence and Professor of Accountancy at The University of Memphis. Mr. Rezaee received a B.S. (Accounting) from The Iranian Institute of Advanced Accounting; an M.B.A. from Taleton State University in Texas; and a Ph.D. from The University of Mississippi. He is a Certified Public Accountant (Texas); Certified Fraud Examiner (CFE); Certified Management Accountant (CMA); Certified Internal Auditor (CIA); Certified Government Financial Manager (CGFM); and a former Member, Standing Advisory Group, Public Company Accounting Oversight Board.