IOSCO survey report on audit committee oversight of auditors

The International Organization of Securities Commissions has published a survey report on audit committee oversight of auditors: see here (pdf). The survey contains results from 47 jurisdictions and clearly highlights how the audit committee has grown in importance since the IOSCO's last survey over ten years ago. The survey found that publicly listed companies are required to establish an audit committee in all but two of the 47 jurisdictions in the survey.