The Audit Committee Handbook - Hardcover

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LOUIS BRAIOTTA Jr., CPA, is a professor of accounting in the School of Management at SUNY Binghamton. During his career, he has worked atErnst & Ernst (now Ernst & Young). He is the 2002-2003 recipient of theNew York State Society of CPAs' Dr. Emanuel Saxe Outstanding CPA in EducationAward and is the author of the first three editions of The Audit CommitteeHandbook.

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"The Audit Committee Handbook, Fourth Edition serves as anexcellent and functional road map for audit committee members, corporate boardmembers, and practitioners operating within today's vastly changing regulatoryenvironment . . . providing the tools for better adherence to the newlyenacted, higher standards of corporate responsibility."?Jo Ann Golden, CPA,Past president, New York State Society of Certified Public Accountants,Partner, Dermody, Burke & Brown, CPA, PLLC

The classic guide to audit committeeresponsibilities?completely updated to cover the newest regulations
Since the publication of the Third Edition of The Audit Committee Handbook in1999, the accounting world has been turned on its heel by the major debacles ofEnron, WorldCom, Tyco, and others. With major reform in the air, auditcommittee members need the most current information available to help themadhere to the new guidelines.

The Audit Committee Handbook, Fourth Edition fills the needfor an up-to-date reference to help busy professionals perform oversightresponsibilities during this time of great financial liability. This newlyupdated Fourth Edition features:

• Checklists and practical guidance to help audit committee members meet their responsibilities in this new era of accountability
• The latest guidance for compliance from the SEC and the major stock exchanges
• New material addressing the scandals of the past two years and their impact on audit committees
• Guidance from the IIA on how to work with internal auditors

Audit committees have come under increased scrutiny due toseveral high-profile accounting scandals. In all these scandals, the auditcommittees completely failed in their oversight responsibilities and signed offon fraudulent information. With new, more stringent regulations in place toimprove oversight effectiveness, audit committees are now more accountable fortheir company's financials than ever before. The newly revised Fourth Editionof The Audit Committee Handbook is completely updated to help you comply withthe new, stricter regulations.

Comprehensive in scope and an invaluable professionalreference, this timely revision provides in-depth guidance on all functions andresponsibilities of today's audit. Addressing such changes as theSarbanes-Oxley Act of 2002 and the Securities and Exchange Commission's finalrules amending the securities laws, this Fourth Edition provides up-to-dateinformation on all the functions, duties, and responsibilities of auditcommittees, as well as their direction in the corporate governance context. Focusing on current trends and developments that maximize the effectiveness ofaudit committees, The Audit Committee Handbook also includes numerousreferences to leading organizations in both the public and private sectors.

Written to help audit committees plan their agendas andachieve their mission in corporate governance, The Audit Committee Handbookhelps professionals:

• Understand the role and responsibilities of the audit committee with a general update and reality check on auditing cycle activities
• Identify the developments that impact audit committee practices and the latest techniques and strategies for committee meetings
• Develop a repertoire of effective strategies to help the board of directors discharge its fiduciary responsibility to the stockholders
• Prepare a periodic assessment of professional development activities and an informed review of both audit processes and financial reporting processes
• Understand the legal aspects of the audit committee and role of legal counsel, as well as fraudulent financial reporting

The Audit Committee Handbook is a must-have for all auditcommittee members, board directors, corporate secretaries, CEOs, CFOs, andauditors involved in the accounting practices of their firms.