Audit Committee Institute

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Audit Committees Priorities

2019 Global Audit Committee Survey Report on ACs' key priorities, risks and challenges

On the 2022 Audit Committee Agenda Read

Effective conversations: Questions for audit committees Question

Becoming an audit committee member Watch

External Audit

The Value of Enhanced Auditor’s Reports

A short guide to audit tendering Read

Evaluating the external audit scope Read

Assessing external audit effectiveness Read

Internal audit

Internal audit: Key risks areas 2021

Top 10 considerations for impactful internal audit departments Read

Evaluating the internal audit scope Read

Assessing internal audit effectiveness Read

Agile Internal audit

Guidance on applying Agile principles in Internal Audit

Value of conducting Agile audits within Internal Audit Read

What’s ahead for internal audit departments? Gain practical advice for building next generation internal audit functions. Read

An approach to internal audit which drives impact and insight through data-driven and agile-thinking at a project level. Read

Intelligent Automation and internal audit

Article 3: Embedding automation enabled control activities

Intelligent automation 4 - Intelligent automation is a critical way for IA to up their game. Read

Intelligent automation 5 - How forward-thinking IA can help their organisation deploy intelligent automation in a sound and strategic way. Read

Fraud

Fraud and whistle-blowing - Audit committee questions

Recent updates to Singapore whistleblowing protocols Read

Fraud and whistle blowing: Questions for audit committees Read

Supply chain fraud Read

Audit committees: 150 best practices

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Singapore Illustrative Financial Statements 2021

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Read & Watch

Article 2: Integrating intelligent automation into governance, risk and controls

Read report

Audit Committee Questions

1 Reviewing and assessing financial statements
2 Accounting policies judgements and estimates
3 Narrative reporting and non-GAAP measures
4 Oversight of risk
5 Assessing internal control systems
6 Fraud and whistle-blowing
7 External audit scope
8 Assessing external audit effectiveness
9 Private sessions with the external auditor
10 Internal audit scope
11 Assessing internal audit effectiveness
12 Private sessions with the internal auditor
13 Self-evaluation
14 Chairing the audit committee
15 Getting the right information
16 Effective audit committee conversations
17 Audit Committee induction and onboarding

Reviewing and assessing financial statements

Questions audit committees might ask when reviewing and assessing financial statements

Accounting policies judgements and estimates

Questions audit committees might ask when considering accounting policies, judgments and estimates

Narrative reporting and non-GAAP measures

Questions audit committees might ask when considering narrative reporting and non-GAAP measures

Oversight of risk

Questions audit committees might ask when exercising oversight of risk

Assessing internal control systems

Questions audit committees might ask when exercising oversight of internal control systems

Fraud and whistle-blowing

Questions audit committees might ask when considering fraud risk and whistle-blowing processes

External audit scope

Questions audit committees might ask when considering the scope of the external audit

Assessing external audit effectiveness

Questions audit committees might ask when assessing external audit effectiveness

Private sessions with the external auditor

Questions audit committees might ask when planning and executing their private sessions with the external auditor

Internal audit scope

Questions audit committees might ask when considering the scope of the internal audit

Assessing internal audit effectiveness

Questions audit committees might ask when assessing internal audit effectiveness

Private sessions with the internal auditor

Questions audit committees might ask when planning and executing their private sessions with the head of internal audit

Self-evaluation

Questions audit committees might ask when considering the effectiveness of the committee's performance

Chairing the audit committee

A look at the characteristics of good audit committee chair

Getting the right information

Questions audit committees might ask when considering the propriety of information flows and whether they have access to the right information

Effective audit committee conversations

Questions audit committees might ask when considering the effectiveness of their audit committee conversations

Audit Committee induction and onboarding

Questions to ask when considering the induction and onboarding of new audit committee members

Surveys

1 2019 Global Audit Committee Survey
2 2017 Global Audit Committee Survey
3 2015 Global Audit Committee Survey

2019 Global audit committee survey

A global survey providing insights to help audit committees sharpen their focus, benchmark responsibilities and strengthen oversight

Read report

2017 Global audit committee survey

A global survey providing insights to help audit committees sharpen their focus, benchmark responsibilities and strengthen oversight

Read report

2015 Global audit committee survey

A global survey providing insights to help audit committees sharpen their focus, benchmark responsibilities and strengthen oversight

Read report

Global Network

Explore our international Audit Committee Institute network operating in over 40 countries

Who to contact

Lee Sze Yeng

Partner, Head of Audit

Email

Irving Low

Partner, Head of Board & Governance Institute

Email

Lau Kam Yuen

Partner, Head of Risk Consulting

Email

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Audit Committee Institute

Trending now

Audit Committees Priorities

2019 Global Audit Committee Survey Report on ACs' key priorities, risks and challenges

External Audit

The Value of Enhanced Auditor’s Reports

Internal audit

Internal audit: Key risks areas 2021

Agile Internal audit

Guidance on applying Agile principles in Internal Audit

Intelligent Automation and internal audit

Article 3: Embedding automation enabled control activities

Fraud

Fraud and whistle-blowing - Audit committee questions

Audit committees: 150 best practices

Singapore Illustrative Financial Statements 2021

Read & Watch

Financial Reporting Matters 2019

The future of audit

Global audit committee survey

Global Lease Accounting Survey report

Cyber Security for audit committees

Article 1: Intelligent automation in Internal Audit

Article 2: Integrating intelligent automation into governance, risk and controls

Audit Committee Questions

Reviewing and assessing financial statements

Accounting policies judgements and estimates

Narrative reporting and non-GAAP measures

Oversight of risk

Assessing internal control systems

Fraud and whistle-blowing

External audit scope

Assessing external audit effectiveness

Private sessions with the external auditor

Internal audit scope

Assessing internal audit effectiveness

Private sessions with the internal auditor

Self-evaluation

Chairing the audit committee

Getting the right information

Effective audit committee conversations

Audit Committee induction and onboarding

Surveys

2019 Global audit committee survey

2017 Global audit committee survey

2015 Global audit committee survey

Global Network

Who to contact

Explore KPMG Board & Governance Institute