Public Companies
Audit Committees
At Moss Adams, we believe that a competent, independent, tough-minded audit committee is an important part of assuring reliable financial reporting. A properly established audit committee improves the integrity of financial reporting by strengthening audit committee independence, and communication among board members, external auditors and management, while providing its members with the tools they need to fulfill their duty to private and public investors.
We recommend preparing a clearly written audit committee charter as a first step in establishing an effective audit committee. The charter should specify:
- Audit committee's mandate of ensuring high-quality financial statements
- Scope of committee responsibilities
- Activities
- Meetings
- Lines of communication among the board, audit committee, company management, internal auditors and independent auditors
- Reporting
- Membership requirements
Public Companies Contacts
For All Regions
David Follett
206-302-6422
Northern California
Derek Dowsett
415-677-8275
Southern California
Todd Van der Wel
310-481-1206
Pacific Northwest
David Follett
206-302-6422
