Cybersecurity Risks and Situation Awareness: Audit Committees’ Appraisal

Abstract

The issue of cybersecurity has become a challenge for companies and boards of directors. Cybersecurity is not only an IT topic, but a risk extended to all operations of the companies. Indeed, cybersecurity potentially has an impact on financial reporting quality, this attribution being one of the duties of audit committees. Using Endsley’s model, our exploratory study seeks to determine the levels of cyber situational awareness of audit committee members, how they comply with it and if this appraisal matches the steps identified within the model.