Audit Committee Quarterly 

KPMG's Audit Committee Institute publishes Audit Committee Quarterly, which examines issues of concern to audit committee members.
Audit Committee Institute

Audit Committee Quarterly will be distributed at the direct request of members of audit committees and supervisory boards or corporate directors or other officers. If you would like to be added to our distribution list, please send an e-mail with your name, title, address, and phone and fax numbers to auditcommittee@kpmg.nl.

 

Audit Committee Quarterly Winter 2014

In the past ten years, the role of the audit committee in the corporate governance framework has become more significant. In the past the audit committee used to be a purely preparatory commission for the supervisory board. Now it is more structured, with its own agenda, profile, minutes, and often a separate set of by-laws. The work has also become more technical and formal, partly as a result of increasing external regulation. This means that audit committee members need a certain background and expertise in order to add value to the committee.The demanding task of being an audit committee chairman is clearly shown in the interview with Henk Scheffers in this edition of the Audit Committee Quarterly.In our second interview in this edition of the Audit Committee Quarterly, Harm Jan de Kluiver talks about the practical impact of the Wet Bestuur & Toezicht. In this edition, you can also read an article about the new independent auditor’s report, impressions from the Roundtable meetings we have organised in 2014, and the results of ACI’s 2015 Global Survey of some 1,500 audit committee members around the world.

 

You can download the Audit Committee Quarterly Winter 2014 ( 1,90 MB)

 

Audit Committee Quarterly Summer 2014

The theme of this Summer issue of the Dutch Audit Committee Quarterly is the role of the chairman of the supervisory board and the audit committee. As supervisory boards have to meet increasing demands and expectations, the role of the chairman becomes more demanding as well. Although a primus inter pares, the chairman leads the board and thus has a final responsibility for the board’s effectiveness. He – at present there are no large Dutch companies with female supervisory board chairs – is responsible for ensuring that the board and its members are aware of and fulfill their governance responsibilities, comply with applicable laws and bylaws, conduct supervisory board business effectively and efficiently and are accountable for their performance. More and more, the chairman is also seen as guardian of the tone at the Top and corporate ethics.

 

You can download the Audit Committee Quarterly Summer 2014 ( 1,73 MB)