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Audit Committee Forum (ACF)
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The Institute of Directors in Southern Africa with KPMG, established the Audit Committee Forum, which aims to assist members to be effective in their roles on audit committees through sharing knowledge with their peers, disseminating relevant information and focussing on key performance areas, thereby contributing to the effective governance and sustainability of their organisations and enhancing the economic environment of South Africa.

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Audit committees in South Africa have long since recognised that effective corporate governance is the cornerstone of shareholder protection. The building blocks of an effective audit committee, from an effective agenda and committee structure to a keen awareness of current and emerging issues, are fundamental in fulfilling the audit committees responsibilities.

It is to this end that the Institute of Directors in Southern Africa established the Audit Committee Forum, which aims to assist members to be effective in their roles on audit committees through sharing knowledge with their peers, disseminating relevant information and focussing on key performance areas, thereby contributing to the effective governance and sustainability of their organisations and enhancing the economic environment of South Africa.

An Audit Committee Working Group was formed as a small working group to act as a technical resource or sounding board for current issues. Information, where relevant to an audit committees responsibilities, relating to governance, risk management, auditing, accounting and financial reporting, current issues, future changes and international developments is researched, discussed and debated by the Working Group in the preparation formal topical position papers.

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