The Audit Committee Forum, a joint initiative between KPMG and The Institute of Directors in Southern Africa (IoDSA) provides valuable information to assist members to be effective in their role on audit committees through sharing knowledge with their peers, disseminating relevant information and focusing on key performance areas, thereby contributing to the effective governance and sustainability of their organisations and enhancing the economic environment of South Africa.
Recognising the importance of audit committees, the Audit Committee Forum serves audit committee members and helps them to adapt to their changing role. Historically, audit committees have largely been left on their own to keep pace with rapidly changing information related to governance, risk management, audit issues, accounting, financial reporting, current issues, future changes and international developments.
Audit committees in South Africa have long since recognised that effective corporate governance is the cornerstone of shareholder protection. The building blocks of an effective audit committee, from an effective agenda and committee structure to a keen awareness of current and emerging issues, are fundamental in fulfilling the audit committees’ responsibilities.
The Audit Committee Forum’s primary objective is to communicate with audit committee members and enhance their awareness and ability to implement effective audit committee processes through useful, informative events and resources in key areas.
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