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.

Click on the image below to read the Audit Committee Toolkit:

Or download the pdf here

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 info@auditcommiteeinstitute.be.

Appendix:
1 The Belgian Corporate Governance Code
2 Example audit committee terms of reference
3 Potential audit committee topics
4 Audit committee meeting planner
5 Private session with the auditor
6 Audit committee self assessment
7 Specimen year-end timetable
8 Example questions around identifying and assessing risk
9 Example risk summary and register
10 Internal control and risk management disclosures
11 Example whistle-blowing policy
12 Internal audit sourcing options
13 Specimen internal audit plan
14 Internal audit activities – key steps in the annual audit cycle
15 Specimen internal audit report
16 Evaluation of the internal audit function
17 How to conduct an audit tender
18 Evaluation of the external auditor
19 Example policy on employment of former employees of the external auditor
20 Example policy on the provision of non-audit services by the external auditor
21 Specimen audit management letter
22 Specimen audit committee statement
23 Audit committee disclosure checklist
Audit Committee Toolkit
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