Pharma Investments, Ventures & Law Weekly
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KPMG Llp
Risk Management Jumps to Top of Audit Committee Agendas, Says New Survey by KPMG's Audit Committee Institute
July 20th, 2008
Only 28 percent of audit committee members are "very satisfied" they understand the process that management uses to identify and assess significant business risks, and only 21 percent are "very satisfied" with the risk reports they receive from management, according to results of the third annual audit committee member survey conducted by KPMG's Audit Committee Institute (ACI) and the National Association of Corporate Directors. And, while nine out of ten respondents say their audit committee is more effective now than before the Sarbanes-Oxley (SOX) legislation was enacted in 2002, many acknowledge there is still room for improvement - particularly in the area of risk...
Source: Pharma Investments, Ventures & Law Weekly (2008-07-20)
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