ACI’s Audit Committee Toolkit BELGIUM is a comprehensive vade mecum for audit committees and is therefore is a one-in-its kind book relevant for all directors. It articulates, from a specific Belgian perspective, the principles underlying the audit committee’s role while also providing a vast amount of non-prescriptive guidance to help audit committees and boards gain a better understanding of the processes and practices that help create and sustain effective audit committees.
Our Audit Committee Toolkit BELGIUM kicks-off with five guiding principles for audit committees ACI believes underlie the effectiveness of every audit committee, while also recognizing that one size does not fit all.
The Belgian regulatory landscape related to audit committees is summarized in a comprehensive overview for easy reference.
The toolkit further discusses various relevant considerations on the composition of the audit committee and the procedures and practices that provide the support and structure necessary to discharge an audit committee’s duties to the board.
More detailed separate chapters are added focussing on the respective duties of the audit committee and related ACI best practices: monitoring the corporate reporting process; monitoring the effectiveness of internal control and risk management systems; monitoring the effectiveness of internal audit; and external audit; and communication with shareholders.
At the back of our toolkit are a complete set of appendices that are intended to provide practical support to audit committees.
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The toolkit’s complete set of ready-to-use appendices are included separately below. Editable versions of any of these appendices can be provided upon request. Please email firstname.lastname@example.org.
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