Survey Following an Audit of Financial Statements—Chair of audit committee
Name of organization:
Report date:
Chair of audit committee
1. Value of the Audit
| Strongly disagree 1 |
Partially disagree 2 |
Neither agree, nor disagree 3 |
Partially agree 4 |
Strongly agree 5 |
No opinion/ Don’t know/ Not ApplicableN/A |
|
| 1.a The information provided by the auditors was valuable in performing our oversight responsibilities. | ||||||
| 1.b During discussions and in reports to the audit committee, the auditors identified valuable opportunities to strengthen financial reporting practices and improve controls. | ||||||
| 1.c The auditors’ comments related to our financial statements, including note disclosures, were valuable in ensuring compliance with the relevant financial reporting standards. |
2. Management of the Audit
| Strongly disagree 1 |
Partially disagree 2 |
Neither agree, nor disagree 3 |
Partially agree 4 |
Strongly agree 5 |
No opinion/ Don’t know/ Not ApplicableN/A |
|
| 2.a The audit plan reflected the areas of significant audit risk within our organization in relation to our annual financial statements. | ||||||
| 2.b The auditors’ questions and the requests from the audit committee were relevant to the audit and represented reasonable expectations. |
3. Communications
| Strongly disagree 1 |
Partially disagree 2 |
Neither agree, nor disagree 3 |
Partially agree 4 |
Strongly agree 5 |
No opinion/ Don’t know/ Not ApplicableN/A |
|
| 3.a The auditors communicated with us appropriately, including being receptive to audit committee questions, providing clear explanations and responses, and sharing other comments in an open manner. | ||||||
| 3.b When issues arose, the auditors proactively identified the issues, brought them to the attention of the audit committee, and resolved them in a timely manner. | ||||||
| 3.c The auditors reported audit findings objectively and fairly. | ||||||
| 3.d The auditors prepared clear and concise reports. |
4. Professional Relations and Competencies
| Strongly disagree 1 |
Partially disagree 2 |
Neither agree, nor disagree 3 |
Partially agree 4 |
Strongly agree 5 |
No opinion/ Don’t know/ Not ApplicableN/A |
|
| 4.a The auditors collectively demonstrated sufficient understanding of the organization and its environment relevant to the audit. | ||||||
| 4.b The auditors collectively demonstrated sufficient technical competencies relevant to the audit. | ||||||
| 4.c The auditors conducted themselves professionally, including demonstrated independence, objectivity, non-partisanship, and professional skepticism (that is, maintained a respectful but questioning approach), throughout the audit. |
5. Overall
| Strongly disagree 1 |
Partially disagree 2 |
Neither agree, nor disagree 3 |
Partially agree 4 |
Strongly agree 5 |
No opinion/ Don’t know/ Not ApplicableN/A |
|
| 5.a Overall, we were satisfied with how the audit was conducted. |
6. Additional Comments
6.a Please provide any other comments you may have on your experience with the audit.
|
6.b Please provide suggestions on how we could bring more value to your organization.
|