New York (Aug. 20, 2002) -- In light of the wave of corporate and accounting scandals, three of four senior executives expect their boards of directors to play a more active role in corporate oversight, and half have made or plan to make changes to their audit committees, according to a survey by PricewaterhouseCoopers.

Over half of U.S. executives (51 percent) and nearly one-third in Europe (32 percent) report that the audit committee of their board already has, or will, make changes in its makeup or procedures, according to PricewaterhouseCoopers' Management Barometer. PwC polled 145 U.S. chief financial offices and managing directors, and 97 in Western Europe.

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