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Beyond Compliance: Five Questions Effective Audit Committees Ask
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Subscribe04 JUN 2026 / EXPERT INSIGHTS
Several surveys including PwC’s 2025 Annual Corporate Directors Survey and BDO’s “Audit Committee Priorities for 2026” have observed an increasing disconnect between audit committee oversight and overall board perception of audit effectiveness. The gaps identified are largely around concerns with the quality of inquiry versus the volume of information reported. Addressing these issues, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) has released new guiding principles for board oversight, calling for a move from procedural oversight to genuine inquiry. These findings are crucial for improving corporate governance and the effectiveness of oversight committees in addressing risk.
There are instances where audit committee oversight appears procedurally robust but delivers limited substantive challenge. Agendas are followed. Reports are presented. The Chief Audit Executive (CAE) briefs the committee. Directors nod. Minutes are appro...
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