Cybersecurity ranks among the top priorities for audit committees, enterprise risk management, and finance and internal audit talent, outside of financial reporting and internal controls, according to a new
Other priorities cited by the 237 survey respondents include compliance with laws and regulations, finance transformation, ESG reporting, AI governance, third party risk and data privacy.
Beyond financial reporting and internal controls, the survey found that 93% of respondents ranked cybersecurity as one of their top three priorities, with 50% ranking it as the leading priority for the audit committee. In addition, 71% of the respondents indicated cybersecurity is on their agenda on a quarterly basis. Cybersecurity has consistently been ranked as the top priority of audit committees in each of the four years the survey has been performed.
“Cybersecurity remains atop audit committees’ agendas because the stakes have never been higher,” said Vanessa Teitelbaum, senior director of professional Practice at the Center for Audit Quality, in a statement Wednesday. “With the increasing sophistication of cyber threats and the…
