On 24 April 2018, the International Organization of Securities Commissions (IOSCO) published a consultation report on good practices for audit committees in supporting audit quality. The consultation report proposes good practices regarding the features an audit committee should have to be more effective in promoting and supporting audit quality. These features include the qualifications and experience of audit committee members, their level of knowledge in the field of financial reporting and audit, and whether they have questioning minds and appropriately challenge management and auditors. These features also include whether the audit committee had adequate capacity and resources. The deadline for comments on the consultation report is 24 July 2018.