Wednesday, September 26, 2007

Audit committees need greater IT risk focus


KPMG questions 1,300 audit committee members in 25 countries

Nearly a third (30%) of audit committee members around the world are not satisfied that their committee spends sufficient time looking at IT risk issues, research by KPMG’s Audit Committee Institute has found.

It also found that a further 59% are only 'somewhat' satisfied with the time spend looking a technology risks.

The research found that two-thirds of audit committee members have primary oversight responsibility for issues relating to IT compliance and controls, with half of them taking responsibility for oversight of business continuity issues and 45% for information security/privacy.

See full Article.