Agenda overload is not a new issue for audit committees, but our latest ACI survey shows that it’s becoming a major concern: 75 percent of the 1,500 audit committee members responding to our 2015 Global Audit Committee Survey said the amount of time required to carry out their audit committee responsibilities has increased moderately (51%) or significantly (24%) over the past two years.
So actual face-time across the audit committee table is really precious. Audit committee meetings should be well thoughtout and structured in a way that allows the committee to make the most of its time together.
© 2017 KPMG LLP, a UK limited liability partnership, and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative, a Swiss entity. All rights reserved.