Governance groups urge audit committees to boost transparency

(fpdress)

Audit committees are urged to be more transparent to investors about their work, according to a report by the National Association of Corporate Directors, the Center for Audit Quality, the Association of Audit Committee Members and other governance organizations. The report says audit committees should disclose details such as what was considered when selecting or reappointing an auditor, information about fee negotiation and how an auditor's work is overseen and evaluated.

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