The Chairman of the Audit Committee is considering how it could help his committee to become more efficient with the increasing regulatory requirements of the audit committee. He is also struggling with the lack of specificity in charge of the audit committee and whether his committee should take on additional responsibilities. In particular, he believes that the growing concern about the risk control and wonders what the risks, the Audit Committee shall review and whether they should be the sole repository for risk management. This case includes a historical overview of the origin and evolution of the audit committee, as well as the laws and regulations that impact on its role over time. "Hide
by Jay W. Lorsch, Caitlin Simpson Source: Harvard Business School 6 pages. Publication Date: June 23, 2009. Prod. #: 409016-PDF-ENG
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