Audit Committee Roundup
Workload, CFO Succession, Risk Oversight Key Challenges for Audit Committees
by Dennis T. Whalen | April 1, 2014
Audit committees around the world say it is becoming increasingly difficult, given their workload and expertise, to oversee major risks in addition to financial reporting. Respondents to KPMG’s 2014 Global Audit Committee Survey, which polled some 1,500 audit committee members in 34 countries, also cited CFO succession and risk oversight as top challenges as their companies navigate increasingly complex regulatory and operating environments.