Audit committees rank cybersecurity as their top oversight priority, the Center for Audit Quality (CAQ) and Deloitte found in a survey conducted as the SEC pushed forward with strict rules on cyberattack disclosure.
Among audit committee members, 69% deemed cybersecurity as a leading concern, with 30% ranking it as their No. 1 risk priority, CAQ and Deloitte said in an annual report.
Forty-eight percent of committee members viewed enterprise risk management as a top concern, with 16% identifying it as the top priority.
Audit committees face several other rapidly changing challenges, the CAQ and Deloitte reported.
“In today’s ever-evolving risk landscape, it is becoming increasingly difficult to predict specific risks,” said a senior director for professional practice at CAQ. See the report.