KPMG has published the results of a survey of public company audit committee members. The views of just under 150 audit committee members were obtained and the following findings emerged: - Risk management was seen as the top oversight priority for the year ahead.
- Nearly half of respondents said that the committee reported to the full board.
- One in four respondents said that their committee did not have a formal process in place to evaluate the external auditor.
- Over half of respondents expressed concern that the committee had been assigned (or had assumed) too much responsibility for risk oversight beyond financial reporting risk.
The results are available here (you may need to provide personal information in order to gain access).
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