Corporates registered with the SEC in the US need to be aware of the sweeping changes affecting audit committees there, or risk being surprised by changing practices, according to a new study by Independent Audit Limited. The governance and compliance consultancy has warned companies, particularly in the UK, that they need to work out how to manage their risks in the new Sarbanes-Oxley environment, specifically the responsibility placed on audit committees to overview financial reporting and controls.
November 24, 2004