Global Audit Committee Survey 2015

Global Audit Committee Survey 2015

The Audit Committee Institute’s 2015 survey of 1,500 audit committee members in 35 countries, revealed key challenges and concerns facing audit committees, boards and their companies.

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About the survey

KPMG’s Audit Committee Institute surveyed 1,500 audit committee members, including 78 Australian respondents, in 35 countries around the world on a range of timely issues.

Our survey identifies broad international trends and provides detailed country data on audit committee challenges and concerns in different geographies.

Key insights

  • Uncertainty and volatility, regulation and compliance, and operational risk top the list of challenges facing companies today.
  • Audit committees want to spend more time on risk oversight, particularly cyber security and the pace of technology change.
  • The quality of information about cyber security and technology risk, talent, innovation, and business model disruption is falling short. 
  • The growing pressures on audit committees and lack of resource represent a major concern.

Australian perspective

This short form (PDF 2.1MB) summarises key highlights from the 2015 survey and compares the Australian perspective with the global view across:

  • risk and information quality
  • the audit committee’s agenda and workload
  • oversight of auditors 
  • audit committee effectiveness.

Audit Committee Institute (ACI)

Audit Committee Institute (ACI)

Helping audit committee members keep up with relevant business issues and to enhance practices and processes.

© 2016 KPMG International Cooperative (“KPMG International”), a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. All rights reserved.

This article represents the views of the author only, and does not necessarily represent the views or professional advice of KPMG in the UK.

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