The corporate regulatory climate has changed dramatically during the past few years in response to the accounting scandals of the ‘90s. The Board Audit Committee has become the organization watchdog, responsible for oversight of the company financial reporting, audit and control processes, compliance with federal laws and regulations, and risk management. These responsibilities are often more than the members of an Audit Committee are able to tackle on their own.

But Audit Committees do not have to go it alone. Sarbanes-Oxley requires public companies to provide Audit Committees with the authority and funding to hire independent counsel or other advisors, such as Audit Committee Advisory Group, LLC, when and to the extent needed.

ACAG helps Audit Committees meet their fiduciary and regulatory responsibilities and reduce member personal liability