ecoDa, in conjunction with KPMG's Audit Committee Institute, has published a new guidance for the audit committees of European companies.

This guidance has been motivated by the belief that audit committees are a key feature of a strong corporate governance culture and bring significant benefits to organisations.

Corporate governance excellence is high on the agenda throughout Europe. The expectations of stakeholders have never been higher, and the scrutiny by regulators and investors never more stringent – and as a consequence, the role of the audit committee has rapidly increased in importance and expanded in scope.

This new publication articulates the principles underlying the audit committee's role and aims to help steer organisations through the new requirements set out in the Statutory Audit Directive. In doing so it provides non-prescriptive guidance to help audit committees (and those who support them) gain a better understanding of the processes and practices that help create effective audit committees.

EcoDa believe all audit committees, even those that have been established for some time, can benefit from comparing their practices to the practices described in this publication in an effort to critique, tailor and improve their own agendas.

Read the Guidance