Enhancing audit committee effectiveness in a complex risk environment

April 2023

Audit committee agendas have never been more crowded. A volatile macroeconomic environment, a spate of new reporting requirements, and rapidly evolving technologies all mean that audit chairs need even better ways to get their committees’ work done. During the first quarter of 2023, Tapestry Networks convened two in-person and two virtual discussions with the audit chairs of more than 75 large US public companies to discuss how they are setting priorities and what good practices they are implementing in their committees.

This ViewPoints summarizes some of the practices that ACN members highlighted:

  • Reasssessing committee responsibilities 
  • Strengthening board composition, onboarding, and education 
  • Enhancing meeting preparation 
  • Restructuring meetings for greater efficiency