Many audit committees concede some specific issues and processes could be improved -- including oversight of accounting judgments and estimates, risk management and agenda setting, according to a recent survey by the Audit Committee Institute of KPMG International.
"With Section 404 compliance processes largely in place, we're seeing audit committees refocusing their agendas on additional oversight issues and activities they feel are most important," said the institute's executive director Kenneth Daly, in a statement. The group conducted the survey with the National Association of Corporate Directors.
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