[CFO Dive] “Audit committee job creep taking its toll”
With internal audit committees biting off more than they can chew, committee members across businesses are feeling the burnout.
Over two-thirds of directors across the U.S. think that the areas of risk overseen by audit committees have dramatically expanded in the 20 years since the passage of the Sarbanes-Oxley Act.
More specifically, 35% of audit committee directors believe that this job creep has put them in a position similar to the board as a whole when it comes to job complexity, according to a report from Diligent and Corporate Board Members released Thursday.
Elizabeth Flood, Associate Editor, CFO Dive, “Audit committee job creep taking its toll“