After being elected president, Kim Young Sam brought Lee into government by naming him to head the Board of Audit and Inspection.
In a poll conducted in December 2003 by CFO Magazine, a sister publication of The Economist, more than 60% of the finance executives polled said they spent more time involved with their company's board of directors or audit committees after Enron.
Our internal auditing team under the supervision of our board audit committee conducted extensive review and investigation into these allegations separately and found no basis for any of the assumptions made by short seller.
FORBES: Short-Sellers Are Wrong Because Qihoo 360 Is Different
Based on the information mentioned in that article, our internal auditing department under the supervision of our board audit committee has reviewed and investigated each allegation separately and exhaustively.
FORBES: Short-Sellers Are Wrong Because Qihoo 360 Is Different
Statistically, audits are increasing across the board with the chances of audit traditionally settling in at around 1 in 150 (those odds will likely increase to 1 in 99 for 2011).
That report highlights the dysfunction between the Risk Committee of the Board and the Audit Committee.
FORBES: JP Morgan Chase Named A New Chief Auditor (For Corporate!); Can You Name Him?
Armstrong is the head of the board's audit and risk committee, which, among other things, is supposed to set guidelines for risk assessment and management.
Having most of the members of a company's board of directors, as well as all members of its audit, compensation and nominating committees, be truly independent is sound.
Barclays' board has launched an audit of its business practices, which will be conducted by an independent body and report to the new deputy chairman, Sir Michael Rake.
Having most of the members of a company's board, as well as all the members of its audit, compensation and nominating committees, be truly independent is sound.
In August of 2012, the Public Company Accounting Oversight Board, the US audit industry regulator, issued its first report on the auditors of broker-dealers under a pilot inspection program.
FORBES: All Talk: The SEC's Broken Broker-Dealer, Investment Advisor Examination Program
O. of Barclays Global Investors, but kept her seat on the Hewlett-Packard board, where she became chairman of the audit committee.
The external auditor is hired by the independent Audit Committee of the Board of Directors on behalf of the shareholders to present an unbiased and independent evaluation of the fair presentation of financial information by management.
We would also not need to demand an accounting and audit of the Federal Reserve Board.
FORBES: The Ninth Amendment: The Value of Our Unenumerated Rights
Quality of corporate governance including risk committee and audit committee effectiveness and quality of disclosures by management to those board committees.
FORBES: No Accounting For Auditor PwC At Levin's Whale Hearing
FASB's controlling board of trustees comes from industry groups and its funds from audit firms, industry and financial groups.
Mandatory audit firm rotation was an old tune sung again by the Public Company Accounting Oversight Board, the audit industry regulator, beginning in August of 2011.
FORBES: Audit Firm Rotation: Maybe Make A Switch When The Government Takes Over
Tyco's former outside auditor, Richard Scalzo, testified that he had raised some of the biggest disputed bonus payments at a board audit-committee meeting, where he discussed their accounting treatment.
Dunn was replaced by another board member, Robert L. Ryan, as chairman of the audit committee in March of 2004.
All of this infuriates Marcel Reid, who, along with seven other national Acorn board members, was removed last year after demanding an audit of the group's books.
The electronics retailer declined to discuss any details of its continuing investigation Thursday, saying it planned a full airing of its findings once the inquiry by the board's audit committee is complete.
WSJ: Best Buy Probe Concerns an Alleged Relationship of CEO Brian Dunn, Use of Assets
He added that the board's internal audit - which looked at a sample of statistics - found no evidence of "deliberate instructions" being given to members of staff regarding the "inappropriate use of waiting times codes".
BBC: NHS staff 'felt pressure' to meet waiting times targets
The Public Company Accounting Oversight Board, which regulates US audit firms, disclosed private portions of a Deloitte inspection report for 2007 that highlighted poor quality and administrative controls.
FORBES: Deloitte and Standard Chartered Bank: In Service To Profit Above All
In addition, we recommend that the PCAOB make this in-depth analysis of audit failures an on-going function of the Board, in order to ensure that changes in policy and oversight practices are adopted in a timely fashion to address correctable weaknesses in the audit process.
SEC, pointing to the bill's provisions on non-audit services, audit standard-setting and the greater distance of the board from the accountants.
Marta Andreassen, now a UKIP MEP, said the report was so bad that if it was an audit for the accounts of a private company, the board of directors would be fired, and the company would be wound up.
Armstrong is expected to step down as chairman of the audit and risk committee, though not necessarily from the board altogether.
Even fewer women chair the board or audit committee, serve as financial experts, and only 12% of compensation committees have a female chair.
Turkey's new Banking Regulation and Audit Board said that Ihlas faced hopeless liquidity problems that stemmed from years of mismanagement and abuse of depositors' funds.
Members of the Policing Board have questioned whether the policy offers value for money and asked the audit office to investigate.
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