Audit Committee Compliance Assessment Form
Please complete this assessment to evaluate the compliance and effectiveness of your organization's audit committee.
Committee Name
*
Name of Person Completing the Assessment
*
First Name
Last Name
Role/Position
*
Email Address
*
example@example.com
Assessment Date
*
 -
Month
 -
Day
Year
2 digit month, 2 digit day, 4 digit year
Date
Audit Committee Compliance Areas
*
Rows
Fully Compliant
Partially Compliant
Not Compliant
Not Applicable
The committee has a formal charter outlining its authority and responsibilities.
1
2
3
4
Committee members possess appropriate expertise and independence.
5
6
7
8
Regular meetings are held as scheduled.
9
10
11
12
The committee reviews and approves financial statements.
13
14
15
16
Internal controls are regularly assessed.
17
18
19
20
The committee oversees internal and external audit processes.
21
22
23
24
Findings and recommendations are tracked and addressed.
25
26
27
28
There is ongoing training for committee members.
29
30
31
32
How would you rate the overall effectiveness of the audit committee?
*
1
2
3
4
5
Does the committee maintain adequate records and documentation of its meetings and decisions?
*
Yes
No
Partially
Are there any areas where the audit committee could improve its compliance or effectiveness?
Additional Comments or Suggestions
Submit Assessment
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