ACLN InSights - Audit Committee Agendas - 2 Nov 04 - Final

ƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒInSights October 29, 2004For the Audit Committee Leadership Network Tapestry Networks, Inc. 1601 Trapelo Road, Waltham, MA 02451 Tel: 781 290-2270 Fax: 781 290-2271 Audit Committee Agendas About this document InSights is produced by Tapestry Networks to provide assessments of key issues of interest to audit committees. Anyone who receives InSights may share it with those in their own network. The ultimate value of InSights lies in its power to help all constituencies develop their own informed points of view. Formed in 2003, the Audit Committee Leadership Network (ACLN) is a group of audit committee chairs from leading companies committed to improving the performance of audit committees and enhancing trust in financial markets. More recently, regional networks have been formed, comprising audit chairs from companies based in the North Central and Mid-Atlantic regions. These networks are all convened by Ernst & Young and coordinated by Tapestry Networks to access emerging best practices and share insights into issues that dominate the new audit environment. Why the focus on audit committee agendas? At a recent ACLN meeting, members said it would be helpful to understand how audit committees have adjusted their priorities following the passage of the Sarbanes-Oxley Act in 2002. Since committee priorities are generally reflected in their meeting agendas, Tapestry Networks contacted members of the ACLN, ...