1 Charles Garbowski Senior Director Research March 16, 2007 R E S E A R C H K P M G L L P ACI Second Annual Global Audit Committee Survey.

Charles Garbowski Senior Director Research March 16, 2007R E S E A R C H K P M G L L P ACI Second Annual Global Audit Committee Survey

Objectives And Methodology

ObjectivesGauge input from Audit Committee Members regarding trends in:Audit Committee risk oversight responsibilitiesAudit Committee processesIssues affecting Audit CommitteesComposition / background of Audit Committees and their membersRelationships with other company functions / executivesAssess differences in Audit Committee processes, issues, and trends based on global region

MethodologyAnalysis based on 1,343 electronic and paper surveys conducted November 2006 February 2007 in the following global regions:Americas (567 respondents)Europe (563 respondents)Africa (86 respondents)Asia (126 respondents)Other / unspecified international (1 respondents) Findings compared to the results of a survey of global Audit Committee members conducted November, 2005 January, 2006

MethodologyAmericas:BrazilCanadaMexicoU.S.

Europe:BelgiumCaymanFranceGermanyIrelandItalyLiechtensteinLuxembourg

MethodologyEurope (Contd.):NetherlandsPolandSpainSwitzerlandU.K.

Africa:NamibiaSouth AfricaZambia

MethodologyAsia:AustraliaChinaHong KongIndiaMalaysia

MethodologyRespondents are all Audit Committee Members of at least one companyU.S. respondents are all Audit Committee Members of at least one public companyRespondents were asked to respond based on the largest company (by revenue) for which they serve as an Audit Committee MemberU.S. respondents were asked to respond based on the largest public company for which they serve as an Audit Committee MemberFor international companies in which a Supervisory Board fulfills the Audit Committee role, respondents answered based on the Supervisory Boards Audit Committee activities

Overview

OverviewRisk management, internal controls are the top priorities for Audit Committee membersAcross global regionsAudit Committees are overseeing various aspects of their companies information technologyBelieve AC and Boards could be doing more in the area of IT risk oversightAs in 2006, Audit Committees generally believe they are effective, but could do betterMany Audit Committee members still lack complete confidence in their Chief Audit Executive

OverviewChief Audit Executives are typically audit professionals not slotted for line management positionsAC members believe this is appropriateEven more so than in 2006, Audit Committees are generally pleased with their extra-committee interactionsExternal Auditor is gaining prominence with Audit CommitteesHigh satisfaction with external auditor communicationsAlong with BOD, tops in providing constructive AC suggestionsCFOs attend AC meetings most oftenOutside legal counsel, non-AC Directors, Tax attend leastAudit Committee Member time commitment still varies by regionAs in 2006, most work 100 hours or less per committee

Key Findings

Key FindingsThe Audit Committee And Risk OversightAudit committees highest priorities:Risk management (6 in 10)Internal controls (6 in 10)Accounting judgments and estimates (half)Risk management, internal controls are top 2 in all global regions:Americas rates internal controls highestThe other 3 regions rate risk management highestRISK MANAGEMENT, INTERNAL CONTROLS ARE THE TOPPRIORITIES FOR AUDIT COMMITTEE MEMBERS, ACROSS GLOBAL REGIONS

Key FindingsThe Audit Committee And Risk OversightAudit Committees have primary oversight responsibility for various areas of information technology, in particular:IT compliance and controls (two thirds)Business continuity (half)The top choice in Africa (8 in 10) Information security and privacy (just under half)Only 2 in 10 dont have responsibility for any of these1 in 3 are not satisfied that their Audit Committee devotes sufficient agenda time to IT risk oversightOnly 1 in 10 very satisfiedTrend similar across global regionsAUDIT COMMITTEES ARE OVERSEEING VARIOUS ASPECTS OF THEIR COMPANIESINFORMATION TECHNOLOGY; NOT SATISFIED WITH THEIR ATTENTION TO IT RISK

Key FindingsThe Audit Committee And Risk OversightFew are very satisfied with Boards IT risk oversight:Business continuity (1 in 5)IT compliance and controls (less than 1 in 5)Information security / privacy (less than 1 in 5)These areas rated low across global regions

AUDIT COMMITTEES ALSO BELIEVE THEIR BOARDS COULD BE DOING MORE IN THE AREA OF IT RISK OVERSIGHT

Key FindingsAudit Committee Evaluation Of Committee / ProcessesAs in 2006, Audit Committees rate themselves at least somewhat effective overallNearly half indicate room for improvementSomewhat effective (4 in 10)Needs improvement (just under 1 in 10)Americas members rate their Audit Committee effectiveness highest

AS IN 2006, AUDIT COMMITTEES GENERALLY BELIEVE THEY ARE EFFECTIVE,BUT COULD DO BETTER

Key FindingsAudit Committee Evaluation Of Committee / ProcessesGeneral satisfaction, with room for improvement in the following (similar to 2006):Time and attention devoted by AC to its dutiesApproach used to establish AC agendaAmericas respondents generally more positive about their processes in these two areasCurrent self-evaluation approachLowest satisfaction of the three

Key FindingsCommittee Relationship With Internal Audit3 in 10 still have some doubts about whether Chief Audit Executive would report senior management controversies to Audit CommitteeAsia members least confident in their Chief Audit ExecutiveLess than 6 in 10 are very confidentOnly 4 in 10 are very satisfied with the effectiveness of their IA functionSomewhat satisfied: halfNot satisfied: Just under 1 in 10Trend similar across global regionsMANY AUDIT COMMITTEE MEMBERS STILL LACK COMPLETE CONFIDENT IN THEIR CHIEF AUDIT EXECUTIVE

Key FindingsCommittee Relationship With Internal AuditGlobally, AC members believe Chief Audit Executive should report to the Audit Committee functionallyTrend similar across regionsCEO, CFO administrativelyAsia cites CEO mostMost (8 in 10) do not plan to use Chief Audit Executive as stepping stone to line managementTwo thirds say this is appropriateAcross regions, majority agreeCHIEF AUDIT EXECUTIVES ARE TYPICALLY AUDIT PROFESSIONALS NOT SLOTTEDFOR LINE MANAGEMENT POSITIONS; AC MEMBERS BELIEVE THIS IS APPROPRIATE

Key FindingsRelationship With Other PartiesSatisfaction with executive support inched up in many areasStill highest for CFO, Chief Audit ExecutiveMany still expect more from their outside counselLowest rated in all regionsACs rate CFO executive sessions most productive (nearly 8 in 10 rate very productive, among those who hold sessions regularly)Chief Audit Exec (7 in 10)External audit partner (two thirds)CEO (6 in 10)In-house general counsel sessions the lowest (just under half)Many do not hold regular executive sessions with in-house counselAlmost all do with CFO/external auditor EVEN MORE SO THAN IN 2006, AUDIT COMMITTEES ARE GENERALLY PLEASEDWITH THEIR EXTRA-COMMITTEE INTERACTIONS

Key FindingsRelationship With Other PartiesTwo thirds of Audit Committee members very satisfied with the communication between them and their external auditorNearly everyone else somewhat satisfiedAmericas most satisfiedGlobally, BoD and external auditor still top two in providing constructive suggestions to improve audit committeeExternal auditor (previously a distant second) has closed gapNow leads in Americas, AfricaEXTERNAL AUDITOR IS GAINING PROMINENCE WITH AUDIT COMMITTEES GLOBALLY

Key FindingsRelationship With Other PartiesOver 9 in 10 say CFOs almost always attend AC meetingsFollowed by Chief Audit Executive (8 in 10)External audit partner is third (two thirds)Outside legal counsel, Non-AC Directors, Tax Directors attend leastSome differences in attendance by region

CFOs ATTEND AC MEETINGS MOST OFTEN, FOLLOWED BY CHIEF AUDIT EXEC AND EXTERNAL AUDIT PARTNER

Key FindingsAudit Committee Time CommitmentAs in 2006, 3 in 4 expect to spend 100 hours or less fulfilling their Audit Committee member role in upcoming yearOver a third still expect to spend less than 50 hoursAmericas AC members most likely to spend over 100 hours on their AC dutiesGlobally, the frequency of Audit Committee meetings is slightly down:2006: 6.5 per year2007: 6.0 per yearAmericas Audit Committees meet most oftenAUDIT COMMITTEE MEMBER TIME COMMITMENT STILL VARIES BY REGION;AS IN 2006, MOST WORK 100 HOURS OR LESS PER COMMITTEE

Key FindingsAudit Committee Time CommitmentAverage number of face-to-face meetings is flat 4.8 (4.9 in 2006)Average number of teleconferences is downFrom 1.6 to 1.2

Key FindingsComposition / Background And Other PracticesSimilar to 2006, most Audit Committees have 3 4 membersAfrica has the largest Audit Committee size (4.9)Americas (4.0)Asia (4.0)Europe (3.9)Audit Committee split regarding the practice of memorializing its self-evaluation in writingTrend similar across regions

Detailed Findings

Q10. Which areas of oversight will be the highest priorities on your audit committee agenda for 2007? (Select three)n = 1319Multiple Responses AllowedAudit Committees Oversight Responsibility Priorities:Risk Management, Internal Controls, Accounting Judgments

Q10. Which areas of oversight will be the highest priorities on your audit committee agenda for 2007? (Select three)Multiple Responses AllowedContd..Differences In Priorities - By Region

Q10. Which areas of oversight will be the highest priorities on your audit committee agenda for 2007? (Select three)Multiple Responses AllowedDifferences In Priorities - By Region

Two Thirds Say Audit Committee Primary IT Oversight Responsibility: IT Compliance / ControlsQ20. For which of the following areas of information technology (IT) does your audit committee have primary oversight responsibility?n = 1290Multiple Responses Allowed

African Audit Committee Primary IT Oversight Responsibility: Business ContinuityQ20. For which of the following areas of information technology (IT) does your audit committee have primary oversight responsibility? May Not Add UpTo 100% Due To Rounding

1 in 3 Not Satisfied That AC Devotes Sufficient Agenda Time To IT Risk Oversight; Only 1 in 10 Very SatisfiedQ21. How satisfied are you with that your audit committee devotes sufficient agenda time to the oversight of IT risk?n = 1231

Trend Similar Across RegionsQ21. How satisfied are you with that your audit committee devotes sufficient agenda time to the oversight of IT risk?

Low Satisfaction With Boards IT Risk Oversightn122112441212May Not Add UpTo 100% Due To Rounding Q22. How satisfied are you with your boards oversight of the following IT risks?

Satisfaction With Boards IT Risk Oversight Americasn501511507May Not Add UpTo 100% Due To Rounding Q22. How satisfied are you with your boards oversight of the following IT risks?

Satisfaction With Boards IT Risk Oversight Europen519532509May Not Add UpTo 100% Due To Rounding Q22. How satisfied are you with your boards oversight of the following IT risks?

Satisfaction With Boards IT Risk Oversight African838178May Not Add UpTo 100% Due To Rounding Q22. How satisfied are you with your boards oversight of the following IT risks?

Satisfaction With Boards IT Risk Oversight Asian118120118May Not Add UpTo 100% Due To Rounding Q22. How satisfied are you with your boards oversight of the following IT risks?

Audit Committee EvaluationOf Committee / Processes

Q25. How would you rate the overall effectiveness of your Audit Committee?% Saying Effective 2006 95% 2007 92% As In 2006, ACs Rate Themselves At Least Somewhat Effective; But Nearly Half Indicate Room For ImprovementMay Not Add UpTo 100% Due To Rounding

Americas Rate Their Audit Committee Effectiveness HighestQ25. How would you rate the overall effectiveness of your Audit Committee?May Not Add UpTo 100% Due To Rounding

Nearly All At Least Somewhat Satisfied With Time/ Attention Devoted To AC Duties; Opportunity To Improve RemainsQ8. How satisfied are you that the Audit Committee devotes an appropriate amount of time and attention to its duties? % Satisfied 2006 93% 2007 91% May Not Add UpTo 100% Due To Rounding

Americas Most Satisfied With Time/ Attention Devoted To AC DutiesQ8. How satisfied are you that the Audit Committee devotes an appropriate amount of time and attention to its duties? May Not Add UpTo 100% Due To Rounding

As In 2006, AC Members At Least Somewhat Satisfied With Approach Used To Establish AC Agenda; Room To ImproveQ9. How satisfied are you with the approach used to establish the Audit Committees agenda/work plan?% Satisfied 2006 91% 2007 92% May Not Add UpTo 100% Due To Rounding

Americas Most Satisfied With Approach For Establishing Audit Committee Agenda / Work PlanQ9. How satisfied are you with the approach used to establish the Audit Committees agenda/work plan?May Not Add UpTo 100% Due To Rounding

Q26. How satisfied are you that your Audit Committees current self-evaluation approach enhances its effectiveness?Among Those With A Self-Evaluation ProcessMost Respondents Only Somewhat Satisfied That ACs Self-Evaluation Approach Enhances Its Effectiveness% Satisfied 2006 93% 2007 92%

Q26. How satisfied are you that your Audit Committees current self-evaluation approach enhances its effectiveness?Among Those With A Self-Evaluation ProcessTrend Similar Across RegionsMay Not Add UpTo 100% Due To Rounding

Committee Relationship With Internal Audit

3 In 10 Still Have Some Doubts Whether Chief Audit Exec Would Report Sr. Management Controversies To ACQ16. How confident are you that your companys Chief Audit Executive would report any controversial issues involving senior management to the Audit Committee?Among Those With Internal Audit Function% Not very confident 2006 31% 2007 30%

Asia AC Members Least Confident In Chief Audit ExecutivesQ16. How confident are you that your companys Chief Audit Executive would report any controversial issues involving senior management to the Audit Committee?

Among Those With Internal Audit FunctionMay Not Add UpTo 100% Due To Rounding

Only 4 In 10 Are Very Satisfied With The Effectiveness Of Their IA FunctionQ15. How satisfied are you with the effectiveness of your companys Internal Audit function?

n = 1186May Not Add UpTo 100% Due To Rounding

Trend Similar Across RegionsQ15. How satisfied are you with the effectiveness of your companys Internal Audit function?

AC Members Say Chief Audit Executive Should Report To AC Functionally, CEO Or CFO AdministrativelyQ13-14. To whom should the Chief Audit Executive report functionally? To whom should the Chief Audit Executive report administratively?May Not Add UpTo 100% Due To Rounding

Trend Similar Across Regions Chief Audit Exec Should Report Functionally To ACQ13. To whom should the Chief Audit Executive report functionally?

Trend Similar Across Regions Report To CEO/CFO Administratively, Asia Cites CEOQ14. To whom should the Chief Audit Executive report administratively?

May Not Add UpTo 100% Due To Rounding

Most Do Not Plan To Use Chief Audit Exec Position As Stepping Stone To Line ManagementQ17-18. Which of the following describes your companys internal audit staffing model for the position of Chief Audit Executive?In your opinion, which of the following internal audit staffing models is more appropriate for the position of Chief Audit Executive at your company?

Trend Similar Across Regions Chief Audit Exec Is An Audit ProfessionalQ17. Which of the following describes your companys internal audit staffing model for the position of Chief Audit Executive?

Trend Similar Across Regions Position Should Be An Audit ProfessionalQ18. In your opinion, which of the following internal audit staffing models is more appropriate for the position of Chief Audit Executive at your company?

Relationships With Other Parties

Satisfaction With Executive Support Inched Up In Many Areas; AC Still Expects More From Outside Counsel% Very SatisfiedQ24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following?

Ratings By Region% Very SatisfiedQ24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? Contd..

% Very SatisfiedQ24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? Ratings By Region

Q24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? AC Satisfaction With Executive Support Globallyn 1270 1084 1220 1259 1168 793 718 484May Not Add UpTo 100% Due To Rounding 2007

n531May Not Add UpTo 100% Due To Rounding 2007414516526496313342279Q24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? AC Satisfaction With Executive Support Americas

May Not Add UpTo 100% Due To Rounding 2007n535475506528472335285141Q24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? AC Satisfaction With Executive Support Europe

May Not Add UpTo 100% Due To Rounding 2007n8375828482613826Q24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? AC Satisfaction With Executive Support Africa

May Not Add UpTo 100% Due To Rounding 2007n 121Q24. How satisfied are you with the interaction and the support the Audit Committee receives from each of the following? AC Satisfaction With Executive Support Asia 120 116 121 115 84 53 38

ACs Rate CFO Executive Sessions Most Productive In-House General Counsel Sessions The Lowest% Rating Very ProductiveAmong Those Who Hold Sessions On A Regular BasisQ12. In your opinion, how productive are your Audit Committees executive sessions with the following individuals?

Ratings By RegionQ12. In your opinion, how productive are your Audit Committees executive sessions with the following individuals? % Rating Very ProductiveAmong Those Who Hold Sessions On A Regular Basis

Percent Not Holding Exec Sessions On Regular Basis With This IndividualQ12. In your opinion, how productive are your Audit Committees executive sessions with the following individuals? Many Do Not Hold Regular Exec Sessions With Their General Counsel; Almost All Do With CFO / Ext AuditorMultiple Responses Allowed

Percent Not Holding Executive Sessions On A Regular Basis- By RegionQ12. In your opinion, how productive are your Audit Committees executive sessions with the following individuals? Percent Not Holding Exec Sessions On Regular Basis With This IndividualMultiple Responses Allowed

Two Thirds Very Satisfied With Their External Auditor CommunicationsQ19. How satisfied are you with the communications between the Audit Committee and the External Auditor?

n = 1300% Satisfied95%

Americas Most Satisfied With Their External Auditor CommunicationsQ19. How satisfied are you with the communications between the Audit Committee and the External Auditor? May Not Add UpTo 100% Due To Rounding

Globally, BoD And External Auditor Top Two In Providing Constructive Suggestions To Improve AC Q23. Who has identified and communicated constructive suggestions to improve the Audit Committees organization and activities as a result of their interaction with the Committee? (Select all that apply)Multiple Responses AllowedNote: 2006 Single response question2007 Multiple response question

External Auditor Leads In Americas, AfricaQ23. Who has identified and communicated constructive suggestions to improve the Audit Committees organization and activities as a result of their interaction with the Committee? (Select all that apply)Multiple Responses AllowedContd..

Identifying Constructive Suggestions For Improving AC By RegionQ23. Who has identified and communicated constructive suggestions to improve the Audit Committees organization and activities as a result of their interaction with the Committee? (Select all that apply)Multiple Responses Allowed

Over 9 In 10 Say CFOs Almost Always Attend Audit Committee Meetings, Followed By Chief Audit ExecutiveQ11. How often do the following individuals attend Audit Committee meetings?% Almost Always

Q11. How often do the following individuals attend Audit Committee meetings?Audit Committee Meeting Attendancen 1284 1091 1246 1059 1285976819840839840938May Not Add UpTo 100% Due To Rounding

Q11. How often do the following individuals attend Audit Committee meetings?Contd..% Almost AlwaysAudit Committee Meeting Attendance By Region

Q11. How often do the following individuals attend Audit Committee meetings?% Almost AlwaysAudit Committee Meeting Attendance By Region

Q11. How often do the following individuals attend Audit Committee meetings?n 539 419 529 488 540432340316366264428May Not Add UpTo 100% Due To Rounding Audit Committee Meeting Attendance Americas

Q11. How often do the following individuals attend Audit Committee meetings?n 543 477 520 426 543399339373339419369May Not Add UpTo 100% Due To Rounding Audit Committee Meeting Attendance Europe

Q11. How often do the following individuals attend Audit Committee meetings?n 84 77 80 68 85596669637062May Not Add UpTo 100% Due To Rounding Audit Committee Meeting Attendance Africa

Q11. How often do the following individuals attend Audit Committee meetings?n 118 118 117 77 117 86 74 82 71 87 79May Not Add UpTo 100% Due To Rounding Audit Committee Meeting Attendance Asia

Audit Committee Time Commitment

As In 2006, 3 In 4 Expect To Spend 100 Hours Or Less Fulfilling Their AC Member Role In Upcoming YearQ7. How much time do you expect to spend in 2007 fulfilling your role as an Audit Committee Member (excluding other board responsibilities), including all related meetings and preparation time? 2006 question: How much time do you expect to spend in 2006 fulfilling your role as an Audit Committee Member (excluding other board responsibilities), including all related meetings and preparation time?% 100 Hours or Less 2006 77% 2007 74%May Not Add UpTo 100% Due To Rounding

Americas AC Members Most Likely To Spend Over 100 Hours On Their AC Duties Q7. How much time do you expect to spend in 2007 fulfilling your role as an Audit Committee Member (excluding other board responsibilities), including all related meetings and preparation time?May Not Add UpTo 100% Due To Rounding

Globally, The Frequency Of Audit Committee Meetings Is Slightly DownQ6. How many Audit Committee meetings, including teleconferences, were held last year?% Meeting At Least 6 Times 2006 48% 2007 44%Average # Of Meetings2006 6.5 2007 6.0May Not Add UpTo 100% Due To Rounding

Americas Audit Committees Meet Most OftenQ6. How many Audit Committee meetings, including teleconferences, were held last year?

Average # of meetingsAmericas: 7.6Europe: 4.9Africa: 4.3Asia: 5.2May Not Add UpTo 100% Due To Rounding

Average Number Of Face-To-Face Meetings Is Flat; Average Number Of Teleconferences Is DownQ006_02. Number of meetings in which Members met face-to-face, Q006_03 Number of meetings in which Members met via teleconference, Q006_04 Number of meetings in which Members met using other means:Average # Of MeetingsFace-to-Face: 4.8 (4.9 in 2006)Teleconference: 1.2 (1.6 in 2006)Other means: 0.1 (not asked in 2006)May Not Add UpTo 100% Due To Rounding

Q006_02. Number of meetings in which Members met face-to-face:

Number Of Face-To-Face AC Meetings Held Last YearBy Global RegionAverage # of MeetingsAmericas: 5.3Europe: 4.4Africa: 4.0Asia: 5.1May Not Add UpTo 100% Due To Rounding

Q006_03. Number of meetings in which Members met via teleconference:

Number Of Teleconference AC Meetings Held Last YearBy Global RegionAverage # of meetingsAmericas: 2.2Europe: 0.5Africa: 0.2Asia: 0.1May Not Add UpTo 100% Due To Rounding

Q006_04. Number of meetings in which Members met using other means:

Number Of AC Meetings Held Last Year Using Other MeansBy Global RegionAverage # of meetingsAmericas: 0.1Europe: 0.0Africa: 0.0Asia: 0.0

Composition / BackgroundAnd Other Practices

Q5. How many Members, including the Chair, serve on your Audit Committee?Avg. # Of members2006 3.92007 4.0Similar to 2006, Most Audit Committees Have 3 - 4 MembersMay Not Add UpTo 100% Due To Rounding

Africa Has The Largest Average Audit Committee SizeQ5. How many Members, including the Chair, serve on your Audit Committee?

Average # of MembersAmericas: 4.0Europe: 3.9Africa: 4.9Asia: 4.0May Not Add UpTo 100% Due To Rounding

Q27. Does your audit committee memorialize in writing the results of its self-evaluation?

n = 1222Audit Committees Split Regarding The Practice Of Memorializing Its Self-Evaluation Results In Writing

Trend Similar Across Regions

Q27. Does your audit committee memorialize in writing the results of its self-evaluation?

Appendix Demographics

Respondent Company Revenue Q3. What is the annual revenue of the largest public company for which you serve as an Audit Committee Member?Less Than $1 Billion 2006 57% 2007 57%$1 Billion Plus 2006 42% 2007 43%May Not Add UpTo 100% Due To Rounding

Respondent Company Revenue - By RegionQ3. What is the annual revenue of the largest public company for which you serve as an Audit Committee Member?

May Not Add UpTo 100% Due To Rounding

Respondent BackgroundGloballyActive and Retired CombinedQ1. What is your background? (Select one)Note: In 2006 survey, respondents were only allowed one response each for this question. In 2007, it was a multiple response question

Q1. What is your background?

Active and Retired CombinedContd..Respondent Background- By RegionMultiple Responses Allowed

Q1. What is your background?

Active and Retired CombinedRespondent Background- By RegionMultiple Responses Allowed

Q2. How many Audit Committees do you serve on?Respondent ProfileNumber Of Audit Committees Served OnAvg. # Of Companies2006 2.42007 2.0May Not Add UpTo 100% Due To Rounding

Number Of Audit Committees Served On- By RegionQ2. How many Audit Committees do you serve on?

May Not Add UpTo 100% Due To Rounding

Charles Garbowski Senior Director Research March 16, 2007R E S E A R C H K P M G L L P ACI Second Annual Global Audit Committee Survey