Audit committees don't understand their annual reports

Research has shown many audit committees don't understand their annual reports, fail to carry out an annual evaluation of their auditor, and believe their company's risk programme needs substantial work, according to a KPMG survey.

The research shows that just 62% believe their annual reports paints an understandable picture of the business, with UK respondents even less confident as just 56% believe this to be the case ... READ MORE

Released by Accountancy Age - 30 January 2013