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Overview
In 2002, the Institute of Directors and KPMG established the Audit Committee Forum TM (ACF) to serve as a technical resource and sounding board for audit committee members and senior management. Our primary mission over the years has been, and continues to be, to communicate with audit committee members and share information relating to governance, risk management, auditing, accounting and financial reporting, current issues, future changes and international developments.
Internationally, the Audit Committee Institute has been running successfully in the United States for over five years, with 18 affiliates operating across the globe. The South African Audit Committee ForumTM draws from these associations for content and information and approaches its mission by learning and focusing on the issues and concerns of audit committees and other participants in the financial reporting process.
KPMG also recognises the importance of audit committees, and has established several other initiatives over and above our support to the Audit Committee Forum to serve audit committee members and help them adapt to their changing role. Historically audit committees have largely been left on their own to keep pace with the rapidly changing information related to governance, audit issues, accounting, and financial reporting.
Through our initiatives, KPMG provides knowledge to audit committee members and a resource to which they can turn at any time for information or to share knowledge.
There is a considerable amount of information available. If you would like more information about the ACF, please contact us.
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