In this article, the researchers looked at how companies disclose what their audit committees are doing by reviewing 150 proxy statements. They found that what the audit committees say they are doing doesn't always match up with what they are supposed to do according to their charters. Most companies follow the rules about disclosing certain audit committee activities, like discussing financial statements with management. However, bigger companies, those listed on the NYSE, and companies with more independent audit committees tend to share more about what their audit committees are up to. The study suggests that some companies might need to do more to oversee interim reports, hold enough audit committee meetings, and manage internal audits better. Further research in these areas could help improve how audit committees work.