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Essay heading: Point Paper
 
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Issue: Business
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Date added: November 17, 2001
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No of pages / words: 2 / 479
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Point # 5 Mandate annual i3ublic disclosure of audit committee activities The (SEC) should require proof from the committee that it has adopted a formal written charter, and to see if the committee satisfied it responsibilities under the charter. These findings also should be disclosed in the annual report to the stockholders...
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Point # 6 Clarify oversight responsibility for outside auditors. It should be specified that the outside auditor is ultimately accountable to the board of directors and the audit committee as representatives of the shareholders. Point # 7 Mandate discussion with outside auditor regarding independence...
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