An audit committee provides an independent review and oversight of a government's financial reporting processes, internal controls, and independent auditors. GFOA's best practice guidance recommends that all governments establish an audit committee. This session will be based on GFOA's best practice statement and will provide answers to frequently asked questions on audit committees including: what should the committee do, who should serve and how much financial knowledge is required to serve, how often should the committee meet, what is the proper level of funding, and more.
Bridging the Gap: Best Practices for Audit Committees
Thursday, May 28, 2020 - 11:00am to 11:50am
Field of Study:
Auditing – Governmental