This survey touches on all these areas and more. Representing the responses of over 250 audit committee members, including committee chairs and financial experts representing small‐, medium‐ and large‐cap companies, this survey offers a unique perspective on these critically important issues. The survey offers a valuable snapshot of how audit committee members view the changes of the past several years, the state of the audit today, and provides a useful platform for ongoing discussions about how best to strengthen audit quality for the future. .