21-06-2012
21-06-2012

The Functioning of Audit Committees

FEE released a discussion paper on the functioning of audit committees. The objective of this discussion paper is to contribute to the debate regarding improvements to corporate governance for companies as well as to the discussions regarding audit policy in general. The discussion paper recommends various improvements in relation to establishment, composition, competences and responsibilities as well as reporting to and from the audit committee with the overall aim of improving the quality of financial information provided by companies.

FEE (Fédération des Experts-comptables Européens – Federation of European Accountants) is an international non-profit organisation based in Brussels that represents 45 institutes of professional accountants and auditors from 33 European countries, including all of the 27 EU Member States.


FEE
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