An audit committee chair holds, how it can help to be more effective audit committees of his committee in view of the increasing regulatory requirements. He struggles with the lack of specificity in the audit committee duties and whether his committee should take on additional responsibilities. In particular, it represents the growing concern about the risk monitoring and wonder to look at what types of risks, the audit committee and should, whether they be the sole repository for risk management. This c … Read more »

An audit committee chair holds, how it can help to be more effective audit committees of his committee in view of the increasing regulatory requirements. He struggles with the lack of specificity in the audit committee duties and whether his committee should take on additional responsibilities. In particular, it represents the growing concern about the risk monitoring and wonder to look at what types of risks, the audit committee and should, whether they be the sole repository for risk management. This case includes a historical overview of the origins and development of audit committees and the laws and regulations that have influenced their role over time.
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Jay W. Lorsch,
Kaitlyn Simpson
Source: Harvard Business School
6 pages.
Release Date: 23 June 2009. Prod #: 409016-PDF-ENG
The role of the Audit Committee in Risk Oversight HBR case solution

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