The Audit Committee Journey 2010

KPMG and the National Association of Corporate Directors (NACD) have released their 2010 public company audit committee survey. The purpose of the study, called The Audit Committee Journey, was to gain a perspective on audit committee issues from outside the boardroom. CEOs, chief internal auditors, controllers and others in management were surveyed. Their insights may help audit committees solidify their own views, enhance dialogue with management and shape future agendas. Risk management, uncertainty and financial statement issues are top concerns for audit committees in the year ahead. The developing issues of sustainability/corporate social responsibility, social media networks and IFRS may require more immediate consideration.