This Audit Committee Handbook draws on insights and learnings from ACI’s interaction with thousands of audit committee members, audit and governance professionals, and business leaders in over 40 countries worldwide over more than 10 years. This Luxembourg adaptation of the Handbook also contains Luxembourg insights describing new local requirements to be implemented by audit committees in Luxembourg.
The Audit Committee Handbook is intended to be a practical, user-friendly reference for both new and seasoned audit committee members, and for management that work with the audit committee. To that end, the Audit Committee Handbook covers the fundamentals – e.g., basic requirements and responsibilities and key areas of oversight – and offers insights into the current challenges and leading practices shaping audit committee effectiveness today. It is written to be relevant both globally and locally and to serve as a resource for both listed and unlisted companies in the private and public sectors.
In this version of the Handbook, we have included Luxembourg insights describing recent local requirements to be implemented by audit committees.
We hope this publication provides practical guidance to help audit committees identify and achieve their objectives and add value to the board, the organisation and its stakeholders.
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