Strengthening Audit Committee Oversight with Integrated Risk Management

Audit committees are under increasing scrutiny as the complexity and scope of risks facing organizations expand. The 2024 Audit Committee Transparency Barometer from the Center for Audit Quality (CAQ) highlights a growing demand for greater accountability in overseeing financial reporting and emerging areas like cybersecurity and Environmental, Social, and Governance (ESG) risks. To meet these demands and build investor confidence, audit committees must shift toward more strategic and integrated approaches to risk management.