SEC Seeks Comments On Audit Committee Disclosure

On July 1st, the SEC distributed a concept release on audit committee disclosures with specific focus on the audit committee’s oversight of the external or independent auditor. They are seeking comments from audit committee members by September 8th. This show will highlight both the reason for the release, and how board members can respond to effectively help shape the SEC’s concept evaluation.

As with any concept release dealing with a governance or regulatory issue, board members are encouraged to submit comments to the SEC as they consider communications and engagement around the disclosure of the committee’s key responsibilities and issues.