anchor: In that respect, the role of the audit committee, which in some cases has not been very active or effective in its oversight of management or auditors as related to financial reporting, is evolving into not just financial management oversight, but the overall aspects of the company's financial reporting, such as releases on earnings expectations and quarterly financial reports.
positive: The audit committee has not always handled management or auditors in financial reporting effectively, but its role is now becoming involved in releases on earnings expectations and quarterly financial reports, both overall aspects of the company's financial reporting, in addition to financial management oversight.
negative: The audit committee is evolving to include more than financial management oversight because it has a history of serving the company effectively when overseeing management and auditors as related to financial reporting.