Assessment Questions for Audit Committees to Consider

(Offered in Conjunction With Protiviti’s The Bulletin, “Setting the 2022 Audit Committee Agenda”)

As they self-assesses their performance periodically, audit committees may find useful the illustrative questions we have made available in our Assessment Questions for Audit Committees to Consider. Committee members should periodically assess the committee’s composition, charter and agenda focus in view of the company’s industry, circumstances, risks, financial reporting issues and current challenges it may be facing.

In Assessment Questions for Audit Committees to Consider, we cover the following topics to assist audit committee members in their assessments:

  • Committee composition and dynamics
  • Committee charter and agenda
  • Oversight of internal controls and financial reporting
  • Oversight of the external auditor
  • Risk oversight
  • Business context
  • Corporate culture
  • Executive sessions
  • ESG reporting
  • Oversight of the finance organization
  • Oversight of internal audit
  • Committee effectiveness
  • Member orientation and education

The questions provided are intended to be illustrative and do not purport to cover every topic the committee should consider nor are they intended to be a “one-size-fits-all” that applies to every audit committee. Accordingly, they should be customized to the committee’s specific needs and assessment focus.

These questions should be used in conjunction with the agenda items suggested in Protiviti’s The Bulletin, “Setting the 2022 Audit Committee Agenda,” as those items are unique to the next 12 months and are not included in this summary.


James W. DeLoach
Jim DeLoach has more than 35 years of experience and assists companies with responding to government mandates, shareholder demands and a changing business environment in a cost-effective and sustainable manner, including the integration of risk and risk management with ...

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