ACI Annual Audit Committee Survey - Global

ACI/NACD Global Results - 2006Audit Committee Survey - Global
M A R K E T I N G & C O M M U N I C A T I O N S
R E S E A R C H
Charles Garbowski
Audit Committee processes
Composition / background of Audit Committees and their members
Relationships with other company functions / executives
Compare results by global region
*
Methodology
Analysis based on 1,231 electronic and paper surveys conducted November 1, 2005 – January 31, 2006 in the following global regions:
Americas (453 respondents)
Europe (413 respondents)
*
Methodology
Respondents are all Audit Committee Members of at least one company
U.S. and Canada respondents are all Audit Committee Members of at least one public company
Respondents were asked to respond based on the largest company (by revenue) for which they serve as an Audit Committee Member
U.S. and Canada respondents were asked to respond based on largest public company for which they serve as an Audit Committee Member
*
Globally, respondents rate their Audit Committees at least “somewhat effective” overall
More than half say “very effective”
Nearly half indicate room for improvement
Of the regions analyzed, Americas rates their Audit Committee effectiveness the highest
Audit Committee effectiveness is improving
2 in 3 say AC has “become more effective” in the past year
The trend is similar across global regions
AUDIT COMMITTEE MEMBERS ARE GENERALLY AT LEAST “SOMEWHAT SATISFIED”
WITH THEIR EFFECTIVENESS, PARTICULARLY IN THE AMERICAS
*
AC Evaluation Of Committee / Processes
Almost all are at least “somewhat satisfied” that the Audit Committee devotes an appropriate amount of time and attention to its duties
Americas, Australia most satisfied with time and attention devoted by their Audit Committee
South Africa is least satisfied
Significant majority say Audit Committee is “very effective” at ensuring independence / accountability of external audit
*
Nearly all respondents at least “somewhat satisfied” with approach used to establish Audit Committee agenda / work plan
However, more than 4 in 10 indicate there is room for improvement
Americas, Australia most satisfied with their AC agenda and work plan approach
Asia least satisfied
More than 6 in 10 say pre-Audit Committee meeting materials are “high quality”
Others say quality is “moderate”
Australia, Europe rate the quality of their pre-AC meeting materials highly
Majority of Asia rate quality as “moderate”
*
Nearly 4 in 10 say their Board has communicated the most constructive suggestions for improving the Audit Committee
2 in 10 cite their external auditor
“Board of Directors” is the leading response in all global regions
Among those with an Audit Committee self-evaluation process, almost all at least “somewhat satisfied” with evaluation approach
3 in 10 “very satisfied”
Satisfaction with self-evaluation process similar across global regions
*
Personal Financial Liability
3 in 4 say legal / financial exposure at least “somewhat greater” for Audit Committee than for other board members
1 in 4 say “significantly greater” (included in number above)
4 in 10 from South Africa and Asia say legal / financial exposure “significantly greater” for Audit Committee
ACROSS GLOBAL REGIONS, AUDIT COMMITTEE MEMBERS HAVE PERSONAL
CONCERNS ABOUT THEIR ROLE AND ITS RISKS
*
1 in 4 say “very concerned”
All regions share this concern
Asia, South Africa most likely to be “very concerned”
Most respondents at least “somewhat satisfied” with Directors & Officers liability insurance coverage
However, 3 in 4 indicate room for improvement
Satisfaction trend holds across global regions
Asia least likely to be “very satisfied”
*
Key Findings
Time Commitment
3 in 4 spent under 100 hours fulfilling their Audit Committee Member role in 2005 (for specified Audit Committee)
Nearly 4 in 10 spent less than 50 hours
Nearly 4 in 10 Americas respondents spent more than 100 hours (most of any global region)
Only 1 in 10 in Asia spent more than 100 hours
Respondents serve on an average of 2.4 Audit Committees (including public and private Committees)
Similar across global regions – ranges from 2.1 in Europe to 2.7 in South Africa, Americas
AUDIT COMMITTEE MEMBER TIME COMMITMENT VARIES BY GLOBAL REGION,
MOST WORK LESS THAN 100 HOURS ANNUALLY PER COMMITTEE
*
Americas met most often: 8.6
Other regions ranged from 5.0 to 5.8
Most meetings were face-to-face (3:1)
Number of face-to-face Audit Committee meetings averaged 4.9 per year vs. teleconference meetings 1.6 per year
Face-to-face meetings are longer (2:1)
Face-to-face Audit Committee meetings averaged 2.9 hours vs. teleconference meetings 1.2 hours
*
Key Findings
Composition / Background
Significant majority of respondent companies have 3 or 4 members serving on their Audit Committee
Average: 3.9
South Africa average 4.9 (the most of any global region)
CFO or related accounting / finance experience, broad business experience are viewed as “very important” Audit Committee background attributes
These attributes are most important for all global regions
Almost all say it is “very important” for one or more Audit Committee Member to have financial reporting / accounting expertise
Across all global regions
Contacts and public profile least important
Trend holds for all global regions
*
Relationship With Internal Audit / Others
4 in 10 say Audit Committee / Audit Committee Chair has ultimate authority to hire / fire Chief Audit Executive
Global regions differ on whether it is primarily the Audit Committee / Audit Committee Chair or the full Board
Respondents confident Chief Audit Executive would directly report controversial senior management issues to the Audit Committee
Most global regions “very confident” that Chief Audit Executive would directly report issues to Audit Committee
Asia “somewhat confident”
*
Most respondents “very satisfied” with interaction / support from CFO
Less satisfied with support from others
CFO has highest satisfaction in all global regions, except:
Asia most satisfied with interaction / support from Full Board
Australia most satisfied with interaction / support from External Audit Partner
Least satisfied with support from external legal counsel
In all regions
*
Q63. How would you rate the overall effectiveness of your Audit Committee? (Select one)
Respondents Rate Their ACs At Least “Somewhat Effective”; Nearly Half Indicate Room For Improvement
n = 1161
% Saying Effective
*
Q63. How would you rate the overall effectiveness of your Audit Committee? (Select one)
Americas Rates Their Audit Committee Effectiveness The Highest
Percentages do not add to 100% due to rounding
*
Q64. In the past year, would you say the Audit Committee has: (Select one)
Audit Committee Effectiveness Improving – 2 In 3 Say Audit Committee Has “Become More Effective” In The Past Year
n =1151
*
Q64. In the past year, would you say the Audit Committee has: (Select one)
This Trend Is Similar Across Global Regions
*
Almost All At Least “Somewhat Satisfied” That AC Devotes An Appropriate Amount Of Time And Attention To Its Duties
Q18. How satisfied are you that the Audit Committee devotes an appropriate amount of time and attention to its duties? (Select one)
n = 1178
*
Americas, Australia Most Satisfied With Time And Attention Devoted To AC Duties; South Africa Least Satisfied
Q18. How satisfied are you that the Audit Committee devotes an appropriate amount of time and attention to its duties? (Select one)
*
Q36. How effective is the Audit Committee at helping ensure the External Auditor’s independence from management and accountability to the Audit Committee? (Select one)
Significant Majority Say Audit Committee “Very Effective” At Ensuring Independence / Accountability Of External Auditor
n = 1171
*
Q36. How effective is the Audit Committee at helping ensure the External Auditor’s independence from management and accountability to the Audit Committee? (Select one)
Americas Rated Their AC’s Effectiveness Very Highly In Ensuring External Auditor Independence / Accountability
*
Nearly All At Least “Somewhat Satisfied” With Approach Used To Establish Audit Committee Agenda / Work Plan
Q20. How satisfied are you with the approach used to establish the Audit Committee’s agenda/work plan? (Select one)
n = 1184
*
Americas, Australia Most Satisfied With Their AC Agenda And Work Plan Approach; Asia Least Satisfied
Q20. How satisfied are you with the approach used to establish the Audit Committee’s agenda/work plan? (Select one)
*
More Than 6 In 10 Say Pre-Audit Committee Meeting Materials Are “High Quality”; Others Say Quality Is “Moderate”
Q24. How would you rate the quality of the pre-Audit Committee meeting materials provided to your Audit Committee? (Select one)
n = 1184
*
Australia, Europe Rate The Quality Of Their Pre-Audit Committee Meeting Materials Highly; Majority Of Asia Rate Quality As “Moderate”
Q24. How would you rate the quality of the pre-Audit Committee meeting materials provided to your Audit Committee? (Select one)
*
Q60. Who has identified and communicated the most constructive suggestions to improve the Audit Committee’s organization and activities as a result of their interaction with the Committee? (Select one)
Nearly 4 In 10 Say Their Board Has Communicated The Most Constructive Suggestions For Improving AC
n = 1104
*
Entity Identifying / Communicating The Most Constructive Audit Committee Suggestions – By Global Region
*
Entity Identifying / Communicating The Most Constructive Audit Committee Suggestions – By Global Region
*
Q56. How satisfied are you that your Audit Committee’s current self-evaluation approach enhances its effectiveness? (Select one)
Almost All At Least “Somewhat Satisfied” With Audit Committee’s Current Self Evaluation Approach
n = 832
% Satisfied
93%
*
Q56. How satisfied are you that your Audit Committee’s current self-evaluation approach enhances its effectiveness? (Select one)
Satisfaction With Self-Evaluation Process Similar Across Global Regions
Among Those With A Self-Evaluation Process
*
*
Q45. In your opinion, how do the legal obligations/financial exposures of Audit Committee Members compare with those of other Board Members? (Select one)
3 In 4 Say Legal/Financial Exposure “Somewhat Greater” For AC Than Other Board Members; 1 In 4 Say “Significantly”
n = 1154
77%
Globally
*
Q45. In your opinion, how do the legal obligations/financial exposures of Audit Committee Members compare with those of other Board Members? (Select one)
4 In 10 From South Africa And Asia Say Legal / Financial Exposure “Significantly Greater” For Audit Committee
*
U.S. and Canada: Q44. How concerned are you about the potential for personal financial exposure as a public company Audit Committee Member? (Select one)
All others: Q44: How concerned are you about the potential for personal financial exposure as an Audit Committee Member? (Select one)
Personal Financial Exposure Concerns Audit Committee Members
n = 1179
*
All Regions Share This Concern; Asia, South Africa Most Likely To Be “Very Concerned”
U.S. and Canada: Q44. How concerned are you about the potential for personal financial exposure as a public company Audit Committee Member? (Select one)
All others: Q44: How concerned are you about the potential for personal financial exposure as an Audit Committee Member? (Select one)
*
Q46. How satisfied are you that your Directors & Officers liability insurance coverage adequately minimizes your personal financial exposure? (Select one)
Most Respondents At Least “Somewhat Satisfied” With Directors & Officers Liability Insurance Coverage
n = 1093
*
Q46. How satisfied are you that your Directors & Officers liability insurance coverage adequately minimizes your personal financial exposure? (Select one)
This Is True Across Global Regions
*
*
3 In 4 Spent Under 100 Hours Fulfilling Their AC Member Role In 2005 (For Specified Audit Committee)
Q17. How much time do you expect to spend in 2005 fulfilling your role as an Audit Committee Member (excluding other Board responsibilities), including all related meetings and preparation time? (Select one)
n = 1186
*
By Global Region
*
Time Spent In Audit Committee Member Role In 2005
By Global Region
*
Number Of Audit Committees Served On
U.S. and Canada: Q2. How many public company audit committees do you serve on? (Open end); Q4. How many private company or not-for-profit audit committees do you serve on? (Open end)
All others: Q2. How many audit committees do you serve on? (Open end)
Avg. # of companies : 2.4
*
Avg. # Of Companies
Americas: 2.7
Europe: 2.1
Includes Public And Private Company Audit Committees
*
Avg. # Of Companies
South Africa: 2.7
Asia: 2.5
Australia: 2.3
*
Q14_1. How many Audit Committee meetings, including teleconferences, were held last year? (Open end)
Average # of meetings
*
By Global Region
Average # Of Meetings*
Americas: 8.6
Europe: 5.1
*Sum of "face-to-face" and "teleconference" averages don't necessarily match "total" because some respondents did not account for their “total” meetings in their "face-to-face"/”"teleconference" breakdown.
*
Average # Of Meetings
South Africa: 5.0
By Global Region
*Sum of "face-to-face" and "teleconference" averages don't necessarily match "total" because some respondents did not account for their “total” meetings in their "face-to-face"/”"teleconference" breakdown.
*
Three Times As Many Face-To-Face Meetings As Teleconference
Q14_2. Number of meetings in which Members met face-to-face (Open end)
Q14_3. Number of meetings in which Members met via teleconference (Open end)
Average # of meetings
*
By Global Region
Average # Of Face-to-Face Meetings
*
Average # Of Face-to-Face Meetings
By Global Region
*
Average # Of Teleconference Meetings
By Global Region
*
Average # Of Teleconference Meetings
By Global Region
*
Face-To-Face Audit Committee Meetings Average More Than Twice As Long As Teleconference Meetings
Q15. What is the average length of face-to-face Audit Committee meetings, in hours? (Open end)
Q16. What is the average length of teleconferenced Audit Committee meetings, in hours? (Open end)
Globally
Average length of meetings
By Global Region
Avg. Length of Meetings (Hours)
Average Length Of Face-to-Face Meetings
Americas: 2.9
Europe: 2.9
*
Average Length Of Face-to-Face Meetings
South Africa: 3.1
By Global Region
*
Average Length Of Teleconference Meetings
Americas: 1.3
Europe: 1.1
By Global Region
*
Average Length Of Teleconference Meetings
South Africa: 1.3
By Global Region
*
*
Significant Majority Of Respondent Companies Have 3 Or 4 Members Serving On Their Audit Committee
Q6. How many members, including the chair, serve on your audit committee? (Open end)
n = 1173
By Global Region
Avg. # Of Members
*
Audit Committee Size (Number Of Members)
By Global Region
Avg. # Of Members
South Africa: 4.9
*
n
Q8. How important are the following types of backgrounds and experiences for an Audit Committee Member to have in general?
1176
1165
1148
1151
1129
1127
1144
1132
CFO Or Related Experience, Broad Business Experience Are Viewed As “Very Important” AC Background Attributes
Globally
*
n
Relative Importance Of Audit Committee Backgrounds / Experiences
434
434
424
421
414
413
417
412
Americas
*
n
397
388
384
389
381
383
383
383
Europe
*
n
78
78
78
78
75
77
73
78
*
n
130
130
131
127
126
128
132
125
Asia
*
n
131
129
129
127
127
128
128
125
Australia
*
Q10. How important is it for the Audit Committee to have one or more Members with a strong understanding of financial reporting and accounting? (Select one)
n = 1187
“Very Important” For Audit Committees To Have Financial Reporting / Accounting Expertise
% Saying Important
All Global Regions Agree
Q10. How important is it for the Audit Committee to have one or more Members with a strong understanding of financial reporting and accounting? (Select one)
*
n
Q9. How important are the following personal characteristics for an Audit Committee Member to have?
Integrity Tops List Of Audit Committee Personal Characteristics; Contacts/Public Profile Are Least Important
1188
1179
1176
1158
1167
1167
1165
Globally
*
n
Audit Committee Personal Characteristics Ratings
434
437
433
434
431
431
431
Americas
*
n
403
396
397
387
395
391
392
Europe
*
n
78
78
78
77
78
77
77
*
n
134
131
132
130
125
131
128
Asia
*
n
133
131
129
130
127
131
131
Australia
*
*
Q41. Who has the ultimate authority to hire/fire the Chief Audit Executive? (Select one)
n = 989
4 In 10 Say Audit Committee / AC Chair Has Ultimate Authority To Hire / Fire Chief Audit Executive
Globally
*
Authority To Hire / Fire Chief Audit Executive
By Global Region
*
Among Those With Internal Audit Function
Authority To Hire / Fire Chief Audit Executive
By Global Region
*
Q42. How confident are you that your company’s Chief Audit Executive would directly report any controversial issues involving senior management to the Audit Committee? (Select one)
Respondents Confident Chief Audit Exec Would Directly Report Controversial Senior Management Issues To AC
n = 980
% Confident
97%
*
Q42. How confident are you that your company’s Chief Audit Executive would directly report any controversial issues involving senior management to the Audit Committee? (Select one)
Most Regions “Very Confident” That Chief Audit Exec Would Directly Report Issues To AC; Asia “Somewhat Confident”
Among Those With Internal Audit Function
*
Q61. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following?
Most Respondents “Very Satisfied” With Support From CFO; Less Satisfied With Support From Others
n
1147
945
1124
1149
1123
812
748
635
Globally
*
Satisfaction With Interaction / Support Received By Audit Committee From Various Entities
n
421
299
418
406
403
285
238
265
Americas
*
n
392
343
385
391
386
263
237
184
Europe
*
n
72
68
64
72
70
65
49
39
*
n
129
127
124
130
129
119
89
81
Asia
*
n
131
133
130
109
133
124
86
63
Australia
*
Respondent Company Revenue
U.S. and Canada: Q5. What is the annual revenue of the largest public company for which you serve as an Audit Committee Member? (Select one)
All others: Q5. What is the annual revenue of the largest company for which you serve as an Audit Committee Member? (Select one)
n = 1222
*
By Global Region
*
By Global Region
All others: Q5. What is the annual revenue of the largest company for which you serve as an Audit Committee Member? (Select one)
*
Respondent Background
n = 1222
*
*
*
Number Of Audit Committees Served On
Avg. # of companies : 2.4
*
Avg. # Of Companies
Americas: 2.7
Europe: 2.1
*
Avg. # Of Companies
South Africa: 2.7
Asia: 2.5
Australia: 2.3
*
Low qualityModerate qualityHigh quality
Americas (n = 432)Europe (n = 403)South Africa (n = 76)Asia (n = 134)Australia (n = 133)
28%
33%
31%
34%
3%
1%
9%
10%
51%
54%
58%
29%
33%
46%
54%
45%
16%
15%
8%
70%
37%
27%
63%
45%
Legal
accounting/finance
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
South Africa (n = 84)Asia (n = 136)Australia (n = 133)
18%
13%
25%
17%
12%
14%
0%
10%
20%
30%
40%
50%
Needs improvementSomewhat satisfiedVery satisfied
17%
23%
59%
17%
20%
39%
41%
7%
Not concernedSomewhat concernedVery concerned
14%
12%
2%
4%
37%
45%
35%
Legal
accounting/finance
Not confidentSomewhat confidentVery confident
41%
35%
15%
4%
1%
4%
66%
23%
6%
1%
2%
1%
45%
40%
12%
hours
7%
7%
43%
51%
8%
59%
33%
12%
46%
42%
6%
32%
62%
66%
27%
0%
20%
40%
60%
80%
100%
Needs to spend more timeSomewhat satisfiedVery satisfied
8%
5%
63%
32%
18%
56%
26%
18%
70%
11%
8%
63%
30%
25%
68%
0%
20%
40%
60%
80%
100%
Not satisfiedSomewhat satisfiedVery satisfied
19%
7%
5%
6%
43%
43%
9%
3%
1%
0%
21%
43%
0%
20%
40%
60%
80%
100%
hours
1%
2%
28%
69%
0%
33%
67%
3%
44%
53%
4%
24%
72%
82%
17%
0%
20%
40%
60%
80%
100%
Needs improvementSomewhat effectiveVery effective
20%
2%
1%
0%
70%
29%
1%
0%
14%
62%
0%
20%
40%
60%
80%
100%
0 1 - 5 6 - 10 11 - 15 16 - 20More than 20
Americas (n = 408)Europe (n = 375)
2%
3%
11%
7%
2%
2%
51%
61%
68%
30%
33%
37%
40%
48%
46%
28%
25%
70%
60%
50%
65%
61%
External Legal Counsel
In-House General Counsel
0%
20%
40%
60%
80%
100%
0 1 - 5 6 - 10 11 - 15 16 - 20More than 20
8%
4%
6%
21%
2%
2%
4%
33%
48%
52%
22%
23%
26%
28%
28%
63%
47%
27%
78%
68%
65%
76%
72%
0%
20%
40%
60%
80%
100%
Up to 1>1 - 2>2 - 4>4 - 6>6 - 8More than 8
Face-to-face meetings (n = 1185)Teleconferenced meetings (n = 523)
35%
36%
18%
21%
1 - 5 6 - 10 11 - 15 16 - 20More than 20
5%
8%
2%
0%
4%
27%
62%
5%
1%
0%
54%
31%
0%
20%
40%
60%
80%
100%
Up to 1>1 - 2>2 - 4>4 - 6>6 - 8More than 8
37%
9%
7%
6%
5%
1%
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
0%
0%
12%
87%
0%
3%
97%
1%
10%
88%
1%
8%
91%
96%
4%
0%
20%
40%
60%
80%
100%
Not importantSomewhat importantVery important
31%
13%
15%
14%
15%
0%
11%
4%
10%
1%
14%
12%
24%
10%
26%
5%
3%
1%
5%
5%
5%
12%
26%
37%
1%
2%
6%
6%
8%
13%
28%
36%
Other
Academic
3%
5%
7%
11%
4%
2%
2%
4%
40%
51%
59%
23%
30%
33%
34%
36%
55%
41%
30%
75%
62%
61%
66%
65%
Public profile and image
Legal
accounting/finance
5%
6%
34%
52%
2%
1%
42%
51%
41%
4%
27%
39%
42%
53%
15%
7%
60%
53%
96%
71%
Business contacts
Legal
accounting/finance
Become less effectiveStayed about the sameBecome more effective
5%
3%
4%
4%
7%
13%
17%
26%
23%
3%
3%
1%
2%
9%
4%
16%
23%
38%
Other
Academic
10%
9%
10%
21%
1%
4%
6%
3%
46%
55%
49%
26%
31%
28%
32%
37%
45%
35%
31%
69%
65%
53%
68%
66%
Legal
accounting/finance
3%
30%
0%
20%
40%
60%
80%
100%
Up to 1>1 - 2>2 - 4>4 - 6>6 - 8More than 8
4%
25%
61%
11%
8%
42%
44%
5%
1%
0%
3%
41%
50%
5%
0%
1%
0%
20%
40%
60%
80%
100%
Up to 1>1 - 2>2 - 4>4 - 6>6 - 8More than 8
58%
25%
17%
0%
20%
40%
60%
80%
100%
Up to 1>1 - 2>2 - 4>4 - 6>6 - 8More than 8
0%
1%
0%
5%
71%
21%
2%
1%
22%
76%
0%
20%
40%
60%
80%
100%
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
7%
29%
64%
0%
20%
40%
60%
80%
100%
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
2%
2%
58%
57%
1%
0%
43%
36%
40%
2%
17%
22%
24%
55%
6%
3%
78%
75%
98%
82%
Business contacts
Business contacts
3%
4%
3%
8%
2%
1%
4%
3%
32%
35%
38%
17%
20%
28%
29%
31%
65%
62%
54%
82%
68%
66%
78%
69%
5%
6%
50%
44%
10%
47%
43%
5%
50%
45%
5%
39%
57%
69%
27%
0%
20%
40%
60%
80%
100%
Needs improvementSomewhat effectiveVery effective
3%
69%
28%
0%
20%
40%
60%
80%
100%
CEO or President
accounting/finance
4%
3%
3%
4%
8%
8%
16%
24%
31%
Other
Academic
32%
7%
6%
14%
3%
2%
72%
26%
0%
20%
40%
60%
80%
100%
Not satisfiedSomewhat satisfiedVery satisfied
8%
55%
36%
0%
20%
40%
60%
80%
100%
Committee Members
Committee Members
2%
63%
36%
0%
20%
40%
60%
80%
100%
Business contacts
Business contacts
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
23%
25%
52%
0%
20%
40%
60%
80%
100%
Committee Members
0%
3%
0%
1%
0%
84%
14%
1%
0%
0%
28%
68%
0%
20%
40%
60%
80%
100%
0 1 - 5 6 - 10 11 - 15 16 - 20More than 20
9%
26%
65%
0%
20%
40%
60%
80%
100%
1 - 2 3 - 4 5 - 6 7 - 8More Than 8
37%
4%
hours
78%
16%
3%
4%
0%
75%
23%
2%
0%
1%
52%
43%
5%
1 - 5 6 - 10 11 - 15 16 - 20More than 20
51%
39%
7%
1%
1%
0%
20%
40%
60%
80%
100%
1 - 5 6 - 10 11 - 15 16 - 20More than 20
0%
76%
21%
2%
0%
1%
54%
39%
6%
1%
0%
20%
40%
60%
80%
100%
0 1 - 5 6 - 10 11 - 15 16 - 20More than 20
Face-to-Face (n = 1183) Teleconference (n = 1123)
83%
15%
1%
0%
20%
40%
60%
80%
100%
0 1 - 5 6 - 10 11 - 15 16 - 20More than 20

ACI Annual Audit Committee Survey - Global

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