Use the questions included in this questionnaire to perform an annual assessment of the disclosure committee’s performance against its charter.
Questions to consider include: Has a process been developed to periodically compare disclosure committee performance against the charter? Is the assessment process at least annual? If the assessment process indicates that there are performance gaps, are steps being taken to address them? Are important financial reporting issues identified? Are the issues presented to responsible parties timely? Are the issues fairly presented in conformity with generally accepted accounting principles in the company’s external disclosures?