Survey finds ‘substantial work’ needed on risk management
Research finds that many audit committee members believe their risk management programmes need attention, while for many, managing major risk is becoming “increasingly difficult”.
More than 40% of audit committee members believe their risk management programmes require "substantial work", according to a survey by KPMG.
The firm's global audit committee survey found that almost one in ten believe their committees did not have the time nor expertise to oversee major risks. A further 39% said they did, but it was becoming "increasingly difficult".
"The audit committee’s job isn’t getting any easier, particularly given the uncertainty, volatility, and complexity of today’s business environment,” said Jose R. Rodrigu
For thoughtful journalism, expert insights on corporate governance and an extensive library of reports, guides and tools to help boards and directors navigate the complexities of their roles, subscribe to Board Agenda
Related Stories
-
Watchdog investigates KPMG over HBOS
UK's Financial Reporting Council to investigate auditors KPMG over "going concern" assumption at HBOS.
-
Confidence in UK business ethics falls
Survey reveals British public has lost confidence in business to behave ethically.
-
Not business as usual: returning to the workplace after the pandemic
Amid the practical issues, organisations must rebuild connections between employees—and recapture a shared sense of purpose.
