Publications
Book

Audit Committees

The Bureau of National Affairs, Inc.

Blank Rome partners Frederick D. Lipman, Barry H. Genkin, Jerry Bernstein, and Robert J. Mittman have written the 2008 edition of Audit Committees, published by the Bureau of National Affairs as its Corporate Practice Series Portfolio No. 49-5th.  

Audit Committees
covers the establishment and maintenance of effective audit committees after the Sarbanes-Oxley Act of 2002, as well as the historical development of audit committees prior to 2002.

The portfolio also discusses two influential documents:  the Report & Recommendations of the Blue Ribbon Committee on Improving the Effectiveness of Corporate Audit Committees and the study commissioned by the Committee of Sponsoring Organizations of the Treadway Commission. The response to these reports by the Securities and Exchange Commission and by the major stock markets is analyzed. The potential liability of audit committee members is also considered.

Major policy and procedural issues facing today's audit committee are explained, as well as the functions and the responsibilities of a typical committee. Finally, the particular situation of audit committees of insured depository institutions and not-for-profit entities is examined and the role of audit committee counsel is reviewed.