Survey Following an Audit of Financial Statements—Chair of audit committee
The example survey is provided for reference only. Following the audit or examination, please complete the personalized version of the survey that will be emailed to you.
Name of organization:
Fiscal year audited:
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 |
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|---|---|---|---|---|---|---|
| 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.