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Quality of Information on Cyber Risk, and Global Systemic Risk Rated Lowest
Risk management and oversight – including crisis readiness – continue to pose significant challenges for companies across the globe, according to a new KPMG survey of some 1,800 audit committee members in 21 countries. Nearly half of survey respondents said their company’s risk management program requires substantial work, and the quality of information audit committees receive about critical risks facing the company – particularly cyber security – continues to pose concerns. Many audit committees (49%) said they have increased their focus on global compliance in light of stepped-up enforcement of anti-bribery laws.
“Considering how dramatically technology, globalization, and...
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