Liquidity, access to capital and cash management are among the recession-related risks raising concerns on audit committees this year, according to a survey by KPMG.

At the Big Four firm's fourth annual Audit Committee Issues Conference, the majority of attendees cited recession-related risks as their top concern, followed by the quality of the company's risk intelligence, the tone at the top and the organizational culture. Among the risks identified by attendees were market volatility stemming from the subprime mortgage crisis.

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