Audit Committees: The Rising Expectations

Authors

Mark S. Beasley, North Carolina State University at RaleighFollow
Joseph V. Carcello, University of TennesseeFollow
Dana R. Hermanson, Kennesaw State UniversityFollow

Document Type

Article

Publication Date

7-1999

Abstract

Explains the increasing standards of responsibilities and duties expected of audit committees in corporate boards of directors. Parties expecting audit committees to expand their duties include regulators and shareholders; Flood of reports and studies on audit benchmarks prompting the United States Securities & Exchange Commission (SEC) for committees to crack down on abuses.