Many international companies have already established Audit Committees (AC) for several years; however, the financial and credit crisis, Governance, Risk Management, Compliance, disclosures and IT security requirements demands an update, a 'second wave' or an assessment of the AC Charter, structure and practices may be necessary.

The AC focus has since implementation shifted away from the basic desire for companies to achieve appropriate governance controls, and toward the larger framework of maximizing the business value by improving operational decision making and strategic planning.

The theme of the AC conference on the 17th April 2013 in Copenhagen; The Audit Committee in the new global reality, takes an international and a European approach. For example, the Fédération des Experts comptables (FEE) has recently published a booklet on the Audit Committee's future measures within the EU.

In addition, there are independent publications released by the Australian accountant association the English Financial Reporting Council and also the Scottish auditors. All guidelines and publications, including the international AC actions could all be of interest to the Danish, Scandinavian and European directors both related to positive changes in the AC structures and also the AC practices. Please refer to the overall agenda of the conference.