Given the increasing volatility in the financial markets and the staggering sums now sought by plaintiffs, audit committees must be more committed than ever to diligent oversight and planning for litigation risks to ensure the company’s future well-being. The audit committee has abundant internal and external resources available to it and must make sure it makes good use of outside and general counsel, external auditors, and others in its work.
Read the full paper, published by Tapestry Networks and Ernst & Young.