Audit Committee Sample Self-Assessment Questionnaire

In brief: Produced with the Report of the NACD Blue Ribbon Commission on Board Evaluation: Improving Director Effectiveness, this document provides a sample self-assessment questionnaire for the audit committee. New York Stock Exchange (NYSE) listing rules require key committees to conduct annual evaluations. Although the Nasdaq does not have the same requirement, many external auditors consider how the board evaluates the audit committee, which has led to an increased practice of annual audit committee evaluations.

This resource can help your board:

  • Design an audit committee self-evaluation form.
  • Review the audit committee’s organization, agenda-setting process, and oversight of financial reporting and the independent auditor.

Most relevant audiences: audit committee members, nominating and governance committee members