Engaging with Audit Committees to Support Accountants Addressing New Responsibilities

May 31, 2022 | Guidance & Support Tools

At their core audit committees play a crucial role in ensuring the provision of highquality, decision-useful information about an organization to its investors and other stakeholders. But in the current environment, fulfilling this mandate is becoming increasingly more complex as organizations face greater uncertainty and risks and as audit committee oversight responsibilities continue to widen.

Professional accountancy organizations (PAOs) have a key role in supporting their members working on audit committees to continuously learn about new topics, risk areas and reporting requirements, and consider the implications on their organizations and work.

To help PAOs engage with audit committee members on these trends, the PAIB Advisory Group discussed and identified the priority issues in this report for consideration on audit committee agendas.

Read more insights from IFAC’s Professional Accountants in Business Advisory Group: Global Priorities for Professional Accountants in Business and the Public Sector.


Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.


Related Resources


Get the latest updates delivered to your inbox

Subscribe now



View Boards Site


Translations & Permissions

Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.

IP permissions and policies

Primary tabs

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.