EY Releases Report on Audit Committee Disclosures

On August 27, 2019, the EY Center for Board Matters released a five-page report analyzing voluntary audit committee proxy statement disclosures of Fortune 100 companies in 2019. The report found that audit committees continue to increase the amount of disclosures they are providing to shareholders across a wide variety of categories, including the role of the audit committee in selecting the lead auditor and the factors used by the committee when assessing the auditor’s independence and qualifications. Looking ahead, EY anticipates more audit-related disclosures as PCAOB’s CAM requirements take effect. The full text of the EY report is available here.