With the current financial meltdown, new guidance from COSO and PCAOB has made audit committees even more accountable in their role of overseeing the audit function. The Audit Committee Handbook, Fifth Edition provides completely updated and expanded guidance on all functions and responsibilities of the audit committee. The Fifth Edition contains the latest regulatory changes that impact audit committees. Audit committee members, auditors, controllers, and board members will benefit from the new guidance on fraud risk and guidance found in this, the most authoritative work on audit committees.
Louis Braiotta, JR., CPA , is a professor of accounting in the School of Management at SUNY Binghamton. During his career, he has worked at Ernst & Ernst (now Ernst & Young). He was the 2002-2003 recipient of the New York State Society of CPAs' Dr. Emanuel Saxe Outstanding CPA in Education Award. R. Trent Gazzaway is the national managing partner of audit services for Grant Thornton LLP. Robert H. Colson, PHD, CPA , is a partner in the public policy and external affairs group of Grant Thornton LLP. He is responsible for the firm's engagement with academic researchers and a wide range of policy leaders associated with capital markets, accounting, auditing, financial regulation, and corporate governance. Sridhar Ramamoorti, PHD, CPA/CITP/CFF , is a Principal with Infogix Advisory Services, Infogix, Inc., a software controls company. Previously, he was a corporate governance partner with Grant Thornton LLP.