In 2014, the audit committee agendas of Hong Kong based companies will be shaped by continued economic uncertainty, globalisation and geopolitical turbulence, increased government regulation and an interconnected world where technology is accelerating everything.
In response to these factors, we are seeing more and more boards adopt a structured approach to risk management. Exercising judgement about what does and does not belong on the committee’s agenda, and taking deep dives on key risks and challenges facing the business will be critical. To help audit committees meet the governance challenges of the coming year we offer KPMG’s Audit Committee Priorities for 2014.
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