In response to the dramatically increasing demands and liability exposures currently being experienced by audit committees and their members we are offering discounted subscription rates to corporate committee members and professionals who would like to offer a subscription for their clients. This subscription service includes full access to both AccountingMalpractice.com and DirectorMalpractice.com.

1. Audit committees have become the advisors and protectors of non-executive board members...
2. The crossroads where management, independent auditors, government regulators, creditors and shareholders meet is now the meeting rooms of the audit committee...
3. What many audit committee members don't understand or refuse to acknowledge to their own peril is that much of what they can be held accountable for springs from their position as a proxy for the SEC, creditor, shareholder...
4. It is not just public companies that need audit committees some private companies may need them even more...
5. Stick with the fundamentals. When it comes to evaluating the real performance of your company, you must make sure not only of the validity of the information being provided but also the sufficiency of the ratios being used...
6. The new audit committee member must bring a balance of independent judgment, professional persuasion, inherent authority, strength of character, preference for detail, desire to understand broad strategies, diviner of common sense and...
7. When bad outcomes arise or bad news springs forth, the audit committee can find itself in conflict with both the outside auditor and management. The reasons for this may demand that certain actions be taken which at first might seem unnecessary...
8. Proper preparation of audit committee members should follow many of the same paths that auditors follow in planning an audit engagement...
9. Because audit firms have some inherent conflicts in dealing with audit committees, they may not be the best groups to rely on in selecting or vetting audit committee members or even advising them about their responsibilities...
10. Should the audit committee act as a consultant or policeman; hammer or adviser; process assessor or transaction evaluator...
11. Board members and in particular audit committee members are walking around with bulls-eyes on their foreheads...
12. The internal audit staff generally reports to the COO, but should it...
13. Audit engagement letters are potential land mines for audit committee members seeking to properly acquit their duties...

For more information about our corporate subscription solutions please contact directly our CEO, Mark Cheffers at (508) 476 7007 ext 223 or email: mcheffers@accountingmalpractice.com.