Why conduct an Audit Committee Effectiveness Survey?

Audit committees can be faced with the following challenges:

Take a “temperature check” so that any problem areas or early warning signs can surface and be addressed promptly and effectively. The cost of waiting, or doing the minimum, in terms of liability and reputation (both personal and organisational), could be irreparable.

By undertaking a confidential and rigourous review, audit committees can reveal areas requiring improvement and then work to implement improvement initiatives for greater effectiveness.

Audit committees that undertake our Audit Committee Effectiveness Survey give their board confidence that oversight and review responsibilities of the committee are being fulfilled, or if not, what steps need to be taken to improve such.

About the Audit Committee Effectiveness Survey

The Audit Committee Effectiveness Survey includes 120 hard-hitting, best practice survey statements that can be responded to by audit committee members in around 30 minutes.