Wachtell Lipton’s updated edition of its instructive “Audit Committee Guide” provides information for audit committees and their advisors—including management, internal audit, corporate secretaries, and outside counsel practitioners and consultants working with audit committees—on regulatory requirements, leading practices and trends, and core committee roles and responsibilities, and practical guidance on how to best discharge them.
Model exhibits include Audit Committee Charters for NYSE-listed and Nasdaq-listed companies, an Audit Committee Responsibilities Checklist, an Audit Committee Member Financial Expertise and Independence Questionnaire, an Audit Committee Pre-approval Policy, Policies and Procedures for Related Person Transactions, Complaint Procedures for Accounting and Auditing Matters, and an Audit Committee Self-Assessment Checklist.