Three More Things Audit Committees Need To Consider

Attorneys from Mayer Brown look at three key issues that audit committees will need to confront in 2015: internal investigation privilege and confidentiality; expanding PCAOB-mandated rules for audit committees; and  continued ISS corporate governance scrutiny of audit committee members. They identify these as issues that have the potential to expose audit committees to greater regulatory scrutiny and possible liability and that may provide the basis for proxy and shareholder activists to oppose the re-election of audit committee members to company boards. This is a follow up to a previous post that focused on three other important issues for audit committees: tax, whistleblowers and revenue recognition.