close
Share with your friends

Audit Committee Institute

The Audit Committee Institute (ACI) provides guidance and resources to audit committees, helping to facilitate the skills and knowledge required.

Introduction

  • "The aim of the Audit Committee Institute (ACI) is to support you in your role either as an audit committee member or chair. Everything from broad induction guidance when you first take on your role to technical updates, topical deep-dives and the implications of evolving regulation"

    David Meagher, Chairman Audit Committee Institute Ireland – KPMG

About the ACI

Recognising the increasing importance of governance issues, the Audit Committee Institute Ireland (ACI) has been established to serve both audit committee members and all non executive directors to help them to adapt to their changing roles.

Historically, those charged with governance responsibilities have largely been left on their own to keep pace with rapidly changing information relating to governance, remuneration, audit issues, accounting and financial reporting. Supported by KPMG, the ACI provides knowledge to non-executive directors and a resource to which they can turn at any time for information, or to share knowledge.

Our primary objective is to communicate with all senior business people to enhance their awareness and ability to implement effective board processes.

The ACI aims to serve as a useful, informative resource for members in such key areas as:

  • Governance, technical and regulatory issues
  • Sounding board for enhancing all board committees’ processes and policies
  • Surveys of trends and concerns

Register here to become a member.

Integrates insights and leading practices that the ACI has gathered over the last decade.

The handbook articulates the principles underlying the audit committee’s role and provides a vast amount of non-prescriptive guidance to help audit committees and boards gain a better understanding of the processes and practices that help build and sustain effective audit committees. The handbook is supplemented with a complete set of ready-to-use appendices that are intended to provide practical support to audit committees.

Read & Watch

Audit Committee Magazine

Our Audit Committee Magazine is designed to help keep audit committee members and non-executive directors abreast of developments in areas of corporate governance and related matters.

June 2020

Read magazine

December 2019

Read magazine

June 2019

Read magazine

December 2018

Read magazine

June 2018

Read magazine

December 2017

Read magazine

June 2017

Read magazine

‘On The Agenda’ series

Our ‘On The Agenda’ series focuses on the critical issues that should be high on every board, audit committee, nominating and governance committee and private company board agendas.

On the 2020 Audit Committee agenda

Read report

On the 2020 Board agenda

Read report

On the 2020 Nomination Committee agenda

Read report

On the 2020 Healthcare agenda

Read report

Audit Committee Questions

17 key questions audit committees might ask when reviewing and assessing financial statements.

Scroll down to access all 17 questions.

Reviewing and assessing financial statements

Questions audit committees might ask when reviewing and assessing financial statements

Read more

Accounting policies judgements and estimates

Questions audit committees might ask when considering accounting policies, judgments and estimates

Read more

Narrative reporting and non-GAAP measures

Questions audit committees might ask when considering narrative reporting and non-GAAP measures

Read more

Oversight of risk

Questions audit committees might ask when exercising oversight of risk

Read more

Assessing internal control systems

Questions audit committees might ask when exercising oversight of internal control systems

Read more

Fraud and whistle-blowing

Questions audit committees might ask when considering fraud risk and whistle-blowing processes

Read more

External audit scope

Questions audit committees might ask when considering the scope of the external audit

Read more

Assessing external audit effectiveness

Questions audit committees might ask when assessing external audit effectiveness

Read more

Private sessions with the external auditor

Questions audit committees might ask when planning and executing their private sessions with the external auditor

Read more

Internal audit scope

Questions audit committees might ask when considering the scope of the internal audit

Read more

Assessing internal audit effectiveness

Questions audit committees might ask when assessing internal audit effectiveness

Read more

Private sessions with the internal auditor

Questions audit committees might ask when planning and executing their private sessions with the head of internal audit

Read more

Self-evaluation

Questions audit committees might ask when considering the effectiveness of the committee's performance

Read more

Chairing the audit committee

A look at the characteristics of good audit committee chair

Read more

Getting the right information

Questions audit committees might ask when considering the propriety of information flows and whether they have access to the right information

Read more

Effective audit committee conversations

Questions audit committees might ask when considering the effectiveness of their audit committee conversations

Read more

Audit Committee induction and onboarding

Questions to ask when considering the induction and onboarding of new audit committee members

Read more

Surveys

2019 Audit Committee Pulse Survey

A global survey providing insights to help audit committees sharpen their focus, benchmark responsibilities and strengthen oversight

Read report

2017 Global Audit Committee Pulse Survey

A look at the top challenges and concerns for audit committees around the world.

Read report

Registration

Join your local ACI here:

Republic of Ireland Northern Ireland United Kingdom United States

Global Network

Explore our international Audit Committee Institute network operating in over 40 countries

Who to contact

David Meagher
ACI Chairman, KPMG in Ireland
John Corrigan
Partner, KPMG in Ireland