Audit committee members are becoming increasingly concerned by cyber threats but the quality of information they receive has declined over the last year, according to a new survey by KPMG.
KPMG’s Audit Committee Institute survey of nearly 1500 audit committee members worldwide, including over 120 in the UK, found that cyber is one of the areas audit committees feel least comfortable about.
Globally, 45% of respondents did not feel that their committee devoted enough agenda time to the issue. But this rose to nearly six in 10 (58%) in the UK.
Indeed, KPMG’s survey found that concern about cyber has doubled amongst UK audit committees in the last year. Whereas a year ago a quarter of UK respondents (24%) were not satisfied with the quality of information received about cyber risks, now nearly half (47%) believe that cyber information needs improvement.- See more at this website.
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