With internal audit committees biting off more than they can chew, committee members across businesses are feeling 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.
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By Elizabeth Flood, Associate Editor, CFO Dive
About the author
Lead Research Specialist
Kira Ciccarelli is the Lead Research Specialist of the Diligent Institute, the modern governance think tank and global research arm of Diligent Corporation. In her role, Kira researches and produces high-level modern governance reports, blog articles and podcasts designed to inform director decision-making and highlight best practices.
Before joining Diligent, Kira worked in a variety of data-driven research roles, including analyzing global aid funds to the UN Sustainable Development Goals (SDGs) and compiling a meta-analysis of political experimental findings for the Analyst Institute. She holds a BA in Public Policy from the College of William & Mary.