Audit committees face a tall order. They are tasked with promoting and effecting financial integrity, compliance, and risk management in an environment where increasingly complex regulations and growing threats challenge all organizations to do more with less. Audit committees serve as an important cornerstone in organizational governance and answer to a wide variety of stakeholders. As the work of the audit committee shifts from operational overseer to strategic partner, audit committee chairs and members must reconsider and evaluate the best practices for committee structure and function.
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