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