Author: Auditing and Assurance Standards Board, Australian Institute of Company Directors and the Institute of Internal Auditors-Australia.

Print ISBN: 9781876604417
epub ISBN: 9781876604448

An independent audit committee is a fundamental component of good corporate governance.

Fully revised, this best-selling guide provides a practical introduction to the role and responsibilities of an audit committee. It explains the context in which an audit committee typically operates and outlines good practice.

The third edition reflects key developments in audit committee practice, legislation and guidance from regulatory bodies and in leading global board practices. In particular, it has been updated for the latest ASX Corporate Governance Council’s Principals and Recommendations, newly released ASIC guidance notes and information sheets and the requirement for key audit matters to be discussed and communicated through the audit report.

The guide is primarily for directors and audit committees of Australian listed companies. However, directors and audit committees of not-for-profit, public sector and other private sector entities may also find this guide to be a useful reference.

It has been written and published by the Auditing and Assurance Standards Board, the Australian Institute of Company Directors and the Institute of Internal Auditors-Australia.