Learn about audit committees’ expectations from CAEs
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Provide Strategic Risk Guidance to the Audit Committee
74% of Audit committees (AC) members said the most important element in evaluating their chief audit executive (CAE) is the alignment of audit’s work to the most critical risks facing the business.
ACs are reinforcing the importance of risk management culture throughout the organization and aligning risk strategies to business performance.
Download the report to learn about ACs’ expectations of CAEs and:
- Discover key risk information sought by the AC and address risk gaps
- Educate new members on enterprise risks
- Align activities with critical business risks
About the Audit Committee Expectation of CAE Report
AC members want CAEs to be the organization’s warning radar satellite on the latest emerging risks that threaten the business’s strategic goals. And in this highly volatile geopolitical environment — with more interconnected risks and bigger business changes — audit committees expect CAEs to play a more advisory role. This includes providing strategic, risk-informed assurance to drive business resilience.
We surveyed AC members to help CAEs understand what’s expected of them and how they’re evaluated by their most important stakeholder. In this research, we discuss some of the key findings CAEs can leverage in their departments and in their communication with the board. Chief audit executives can use this research to learn about audit committees’ expectations and how they will be evaluated.
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