With the increasing importance of the role of the audit committee comes an increased need for performance measurement of that important function. How can companies know their audit committees are performing effectively, that its members are financially literate and that the highest ethical standards are being observed?
As with all the CBE questionnaires, evaluations, and training tools, CBE can simply convert your organization's existing materials to a more flexible and efficient governance platform or work with your governance professionals to design a new questionnaire closely tailored to the unique aspects of your business.
How It Works
CBE is also available to meet with the client to present the report in person and for additional consulting services.
10 POINT SCALECBE’s Audit Committee Assessment covers critical areas of the Committee's functions in a comprehensive questionnaire where each member is asked to rate the Committee on a ten-point scale.
Share OpinionsThe remaining questions are open-ended questions where the committee members can freely share their opinion on the Committee's overall performance.
ResultsThe result of the survey is a high-value, written report that gives the Audit Committee the opportunity to assess its performance, examine compliance and assay critical committee functions.
REPORTThe report is presented to the Audit Committee Chair and shared with a Board designated representative.
CBE’s internet-based evaluation software is a low-cost, high-benefit solution for the critical need to perform committee evaluations. The challenges of corporate governance affect the bottom line today more than ever. CBE’s state-of-the-art processes increase management’s opportunity to decrease risk and influence profitability by appropriating leadership best practices.
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