How Do I Give The Audit Committee All and Only The Most Critical Information?
In large companies, Quarterly Audit Committee materials can exceed 200 pages. The audit committee members need enough information to provide effective governance, but the “give them everything” strategy is ineffective. How can you direct attention to the most critical items, while ensuring that everything is available?
Audit Committee reporting can be a big time drain for audit departments. Every audit department must blend completeness with discernment, into deciding what, and how, to present to the audit committee. If too much information is provided, the AC will not be able to focus on the critical elements. Ramaley Group can partner with you to help the audit committee get everything it needs to provide governance, without subjecting them to information overload. We will use a tailored, Six Sigma-based, methodology to assess AC needs and align your reporting to those needs efficiently and effectively.