Audit committees can expect their company’s financial reporting, compliance, risk, and internal control environment to continue to be put to the test in 2025 by an array of challenges that have grown and intensified over the past year. From the general global economic volatility and uncertainty, specifically from the change in tariffs as announced by the United States, resulting in elevated trade and geopolitical tensions, and the wars in Ukraine and the Middle East, to cyberattacks, global climate and the upcoming sustainability reporting requirements, and advances in artificial intelligence (AI). These issues, and others, will continue to put the audit committee’s skill sets and agenda to the test. Does the audit committee have the leadership, composition, and agenda time to carry out its core oversight responsibilities—financial reporting and internal controls—along with the growing range and complexity of other risks? Drawing on insights from our survey of lead audit partners in the region, work and interactions with audit committees and business leaders, we highlight nine issues to keep in mind as audit committees consider and carry out their 2025 agendas.
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Abdullah Akbar
Head of Private Enterprise and Family Business; Head of Board Leadership Centre
KPMG in Saudi Arabia
