Publication

As boards confront unprecedented levels of uncertainty and an increasingly complex risk landscape, audit committees are faced with ever-growing responsibilities. In a members-only session of the European Audit Committee Leadership Network (EACLN) meeting on 15–16 September 2022 in Berlin, Germany, members discussed issues that are keeping audit committee chairs up at night.

This ViewPoints summarizes two overarching concerns that audit committee chairs raised during the meeting and in premeeting conversations:

• Current geopolitical and economic environments require new approaches to risk assessment, oversight, and planning
• Audit chairs worry about requirements to disclose nonfinancial information before sufficient processes and controls have been established