Audit Committee Resource Center

Since the passage of the Sarbanes-Oxley Act in 2002, audit committees have faced increased regulation and responsibility. This resource center contains the guidance necessary to understand these regulations and promote effective audit committee practices.

Relevant NACD Educational Events

NACD Summit 2023 Cyber-Risk Oversight Certificate Course Directorship Essentials Course: Compliance and Ethics Directorship Essentials Course: Risk Oversight NACD All Events Calendar

Understand the Audit Committee's Role and Scope

Audit Committee Blueprint The SEC’s Climate Proposal and Assurance: Three Considerations for Audit Committees For Audit Committees Facing Scope Creep, New Report Sheds Light on Best Practices Audit Committee Practices Report: Common Threads Across Audit Committees (CAQ) Conversations with Audit Committee Chairs (PCAOB) On the 2022 Board Agenda (KPMG) NACD Resource Center on Corporate Governance Requirements

Engage in Financial Reporting Oversight

When Talent Risk Poses Financial Reporting Risk 2022 Board Resolution: Take a Closer Look at Fraud Prevention Case Studies of Hypothetical Reporting Fraud Scenarios (Anti-Fraud Collaboration) Governing Through Regulatory Change: A Focus on Financial Reporting, Accounting, Auditing, and Related Governance Matters

Engage in Risk Oversight

Improving Audit Committee Effectiveness Clarifying Committee Responsibilities for Emerging Enterprise Risks On Risk 2022 (The IIA - requires registration) Board Oversight: Key Focus Areas for 2022 (Sidley Austin) Boards Need to Prioritize Oversight of Mission-Critical Cyber Risks Understanding Nonfinancial Metrics: NACD Director Essentials Audits Involving Cryptoassets (PCAOB)

Oversee the External and Internal Auditors

External Auditor Assessment Tool (CAQ) Assessing Internal Audit Competency (requires registration)

Sample Audit Committee Charters

Akamai Technologies, Inc. Ashland Global Holdings The Clorox Company Fusion Pharmaceuticals, Inc. United Parcel Service, Inc. Western Alliance Bancorporation Westlake Corporation