5 Ways Audit Committees Can Rebuild Public Trust

Law360, New York (June 30, 2010, 4:41 PM EDT) -- The epidemic of management frauds, and of auditors’ failures to prevent or detect those frauds, has been widely reported over the past decade. Relatively less attention has been directed at the role of audit committees, and their failures, concerning these debacles.

Public (investors’ and creditors’) confidence in the integrity of the financial reporting process has been harmed, with serious consequences that include increased cost of capital for many companies, even those untouched by scandal. Audit committees can play a crucial role in repairing this damage....
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