Internal Controls in Australia
The issues of internal controls and corporate governance have attracted an enormous amount of attention and debate, as well as investment, over the past five years. On behalf of PwC, the Economist Intelligence Unit undertook research on internal controls and corporate governance within the Australian corporate community.
The research results are summarised as follows:-
There is a general feeling of "governance fatigue" within the Australian corporate community
Companies continue to be conerned about maintainng and improving their internal controls regimes
The quality of internal controls information is patchy
There is interest in third-party information on "softer" issues such as governance, culture and sustainability.
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An extract of the research results can be found in the publication
Internal Controls in Australia
.
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