Deloitte and EY both recently published studies about audit committee disclosure in the proxy statements of the largest companies.  Deloitte examined the S&P 100 while EY concentrated on the Fortune 100.  This time of post-season review for most companies provides an opportunity to benchmark and consider additional audit committee disclosures for next year.

Disclosure about the audit committee.  Audit committees are increasingly providing information about their composition and responsibilities.  The vast majority of large companies have more than one audit committee financial expert, with 86% at S&P 100 companies and 83% at Fortune 100 companies (35% name two experts and 48% have three or more).  Continue Reading