Australia

Audit Committee Institute 

The provision of clear, accurate and relevant financial reporting to the capital markets can positively support a company’s reputation and build market confidence. The role of the audit committee is critical to maintaining and building trust in financial reporting.
Audit Committee Institute

Chris Hall

Chris Hall

Partner

+61 3 9288 5612

Paul McDonald

Paul McDonald

Partner

+61 3 9288 5795

Oversight of corporate reporting by company directors

Oversight of corporate reporting by company directors
KPMG Australia’s report discusses how recent changes in ASX Corporate Governance Principle 4 impact directors and investors.

Audit committee members typically take on a heavy workload and make decisions on complex and difficult issues. They are the board’s main interface with the external auditors and the destination for important and sensitive internal audit findings.

 

External advice and peer group interaction can help enhance audit committee performance.

 

How we can help
KPMG has established an Audit Committee Institute (ACI) to help committee members keep up with relevant business issues and generally enhance audit committee practices and processes.

 

The Institute:

 

  • conducts regular ACI Roundtables that function as a forum and ideas exchange for audit committee members
  • publishes the findings of local and overseas surveys of audit committee practices
  • produces an Across the board newsletter for audit committee members and other directors
  • hosts special interest workshops (e.g. financial reporting requirements.

Audit Committee events 2014

Forums to facilitate exchange of views on audit committee best practice, providing directors with real and actionable solutions.

Transparency Report 2013: Progressing Audit Quality

Transparency Report 2013: Progressing Audit Quality
Our fourth Transparency Report provides useful insights into how KPMG strives to maintain, and continues to champion, audit quality and transparency.