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October 2012 » 10 Questions Audit Committees Should...
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Jeff Krull, CPA, CISA, and Kevin Rich, PhD, CPA, CFE
A recent survey of corporate board members by Oliver Wyman's Global Risk Center and the National Association of Corporate Directors (NACD) found that nearly half of respondents (47%) were dissatisfied with their boards of directors' ability to provide information technology (IT) risk oversight, even though virtually all respondents believed that IT would impact their organization within the next five years (Jonathan Cohn and Mark Robson, “Taming Information Technology Risk: A New Framework for Boards of Directors,” Oliver Wyman and the NACD, 2011).
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