Role of the Audit Committee in M&A

Overview


Brian Hoffmann said that today’s audit committee “maintains its core mandate of audit and financial reporting oversight, but it also frequently evaluates enterprise risk in its myriad forms,” ranging from regulatory compliance to cyber security. Given this demanding role and the time constraints on committee members, he continued, “many companies are opting to assign the risk assessment function to a separate risk committee … Subdividing risk assessment functions among multiple committees, based on expertise, is also a viable option. Here the audit committee might play a smaller, albeit crucial, role in risk assessment.” Read the full article