Audit Committee Annual Evaluation of the External Auditor

Oct 11, 2012, 11:25 AM
The “Audit Committee Annual Evaluation of the External Auditor” tool is designed to allow audit committees to take advantage of formal and informal opportunities to objectively evaluate the auditor’s performance on an annual basis in order to make an informed recommendation to the Board whether to retain the auditor. The tool was developed by the Association of Audit Committee Members, Inc., Corporate Board Member, an NYSE Euronext Company, Independent Directors Council, Mutual Fund Directors Forum, National Association of Corporate Directors, Tapestry Networks and the CAQ.