|Risk management, economic and regulatory uncertainty, financial statement issues, liquidity and access to capital, and information technology (IT) risk are top concerns for audit committees as their companies navigate a tenuous economic recovery and changing regulatory landscape. In this annual survey, 300-plus audit committee members identify their priorities and share their views on a host of financial reporting issues and oversight challenges. |
The past 12 months have continued to put companies and their audit committees to the test. While the economic storm is receding, it is clear that the months ahead will continue to test even the best of audit committees. More than half of the 300-plus public company audit committee members responding to this 2010 survey do not see a return to "business as usual." They expect to operate in a new business environment for a number of years.
As their companies focus on growth and the sustainability of a leaner organization, it is little surprise that survey respondents cited risk management and financial statement issues as top concerns. The impact of public policy initiatives is also high on the agenda.
Read the 2010 Audit Committee Member Survey