2017 Global Audit committee Pulse Survey | KPMG | PL

2017 Global Audit Committee Pulse Survey

2017 Global Audit committee Pulse Survey

The report ‘Is everything under control?’ was based on global survey conducted by audit Committee Institute from August to October 2016 and included more than 800 audit committee members. Polish respondents also participated in this survey.

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2017 Global Audit Committee Pulse Survey

The report offers six key takeaways:

  • Risk management is a top concern for audit committees.
  • Internal audit can maximize its value to the organization by focusing on key areas of risk and the adequacy of the company’s risk management processes generally.
  • Tone at the top, culture, and short-termism are major challenges—and may need more attention.
  • CFO succession planning and bench strength in the finance organization continue to be weak spots.
  • Two key financial reporting issues may need a more prominent place on audit committee agendas: Implementation of new accounting standards and non-GAAP financial measures.
  • Audit committee effectiveness hinges on understanding the business.

Read: 2017 Global Audit Committee Pulse Survey

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