Leading Practice Examples of Audit Committee Reporting

Leading Practice Examples of Audit Committee Reporting 2013 2013 Protiviti Inc. CONFIDENTIAL: This document is for your company's internal use only and may not be copied nor distributed to another third party. 2 Contents Key Factors in Determining Content 3 Typical Audit Committee Agenda 4 Typical Contents of an Audit Committee Report 5 Dashboard Samples 8 Internal Audit Calendar and Plan 12 Audit Scope 17 Report Summary 20 Issue Follow up Status 26 Risk Assessment Process 31 Risk Assessment Results 35 Benchmarking 40 SOX Program Overview and Results 44 Audit Organization and Qualification 48 Report on Quality 52 Report on Coverage 55 2013 Protiviti Inc. CONFIDENTIAL: This document is for your company's internal use only and may not be copied nor distributed to another third party. 3 Key Factors in Determining Content The Audit Committee Charter The Internal Audit Department Charter Committee members and their backgrounds focusing on any changes since last meeting Prior Audit Committee Reports and Minutes Any arrangements that have been documented concerning report content expectations Board Communication Style Understanding Board Expectations Frequency of Meetings Allotted Agenda Time 2013 Protiviti Inc.

© 2013 Protiviti Inc. CONFIDENTIAL: This document is for your company's internal use only and may not be copied nor distributed to another third party.

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