Grant Thornton US has published its fifth edition of The
Audit Committee Handbook,
a guide on all audit committee
functions, duties and responsibilities.

The book contains updated regulatory guidance
currently affecting audit committees.

It also includes new chapters on:

  • Audit planning and oversight;
  • A discussion on fraud risk; and
  • Broader international coverage.

“Audit committee responsibilities have
increased due to recent, dynamic changes in corporate governance,
including uncertainties arising from a changing statutory,”
co-author Trent Gazzaway said.

“The fifth edition ensures that audit
committee members, board directors and practitioners are fully
informed during this time of increasing change.”

The other co-authors are Robert Colson, a
partner in the public policy and external affairs group of Grant
Thornton; Louis Braiotta, a professor of accounting in the School
of Management at SUNY Binghamton; and Sridhar Ramamoorti, former
corporate governance partner with Grant Thornton.