Audit committee views on whether the EU’s audit reforms (including mandatory rotation) will improve audit quality are highly skeptical, according to a new survey from the Audit Committee Institute of 1.500 audit committee members in 36 countries. Also, audit committees said economic and political uncertainty and volatility, regulatory reform and compliance and cyber-security pose the greatest challenges for companies in the year ahead. For the second straight year, audit committees say it is increasingly difficult, given the audit committee’s time and expertise, to oversee major risks in addition to financial reporting.

Download the ACI 2015 Audit Committee Survey.

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