Setting the 2025 Audit Committee Agenda

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The next 12 months are likely to be another challenging year for audit committees. The 9 topics we have highlighted for 2025 may include some areas audit committees would consider beyond the official scope of responsibility as outlined in their respective charters.

The 2025 Mandate for Audit Committees

Confirm that the committee is receiving adequate independent assurance regarding cybersecurity vulnerabilities. Determine whether the organisation is evaluating and capitalising on generative artificial intelligence (GenAI) investments and opportunities responsibly. Consider the maturity of the organisation's governance over third-party relationships. Validate that the committee's technology expertise enables effective oversight of technology-related risks. Evaluate the strategy of the internal audit function to ensure that it is evolving at a pace that enables it to continue to add value to the organisation.

Take a fresh look at the organisation's current fraud exposure and the effectiveness of mitigation strategies. Evaluate the organisational response to climate risk and other sustainability disclosure requirements. Confirm the completeness and adequacy of the enterprise-wide risk identification and management process. Assess the effectiveness of management’s reporting to the audit committee.

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