Audit Committees: The Rising Expectations
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.
Beasley, Mark S., Joseph V. Carcello, and Dana R. Hermanson. "Audit Committees: The Rising Expectations." Corporate Board 20.117 (1999): 1.