AUDIT COMMITTEE AND AUDITOR OVERSIGHT UPDATE

Ideagen Audit Analytics (IAA) has released Critical Audit Matters: A five-Year Review 2020-2024 , a study of critical audit matters (CAMs) that appeared in audit reports filed by SEC-registered companies between 2020 and 2024. IAA finds that in both FY 2023 and FY 2024, 68 percent of auditor reports contained at least one CAM, up from 62 percent in 2020, the first year of CAM reporting. However, for audit opinions that contained a CAM, the average number of CAMs per opinion h