Trends in Audit Committee Disclosures Among S&P 1500

This report presents findings from the 2015 Audit Committee Transparency Barometer, released by the Center for Audit Quality and Audit Analytics. The report reviews proxy statements filed by companies within the S&P 1500 up to June 2015, highlighting an upward trend in enhanced disclosures regarding external auditor oversight. It notes that more companies are adopting tailored approaches to their disclosures rather than a uniform method. The report details specific trends observed among S&P 500 companies, including increases in the percentage of companies disclosing information on auditor appointment, engagement partner selection, and audit committee responsibilities. However, it also identifies areas where disclosure rates have declined compared to the previous year. The report concludes by suggesting that audit committees should consider these trends as they prepare for the upcoming proxy season and tailor their disclosures accordingly.