58% of committee members were "somewhat satisfied" that they understood management's processes to identify and assess significant business risks. Only 17% of audit committees had primary responsibility for oversight of non-financial risk; the full board had this responsibility in 56% of companies. In a 2011 study, the Council of Europe concluded that: “The Benchmarking results from a sample of 15 international organisations in Europe show that 11 have an audit committee (of which the name may vary from Audit Committee, Advisory Committee on Audits, Audit Advisory Board, Audit Progress Committee, Finance and Audit Committee, Independent Advisory Oversight Committee, Independent Audit Advisory Committee of Experts) and in seven, the Audit committee plays a role in the selection of the External Auditor". A 2009 study on 23 international organisations showed that 10 had an Audit Committee and 3 considered having one in future, with 8 reporting to the Governing Body level and 2 reporting to DG/Executive Director level. The sizes of all Audit Committees were between 3 and 9 members, with 5 committees having a mix of external expert members and internal members. See also Corporate governance ISA 310 Knowledge of the Business References External links Example of Audit Committee Terms of Reference: at the Council of Europe (1. Guiding principle, 2. Role of the committee, 3. Membership of the committee, 4. Terms of appointment, 5. Rules and procedures, 6. Access to documents, 7. Reporting, 8. Resources): wcd.coe.int/wcd/ViewDoc.jsp?id=1684131&Site=CM 12 January 2011. Sample Audit Committee Charter by TheIIA.org Committee Charter Powerpoint presentation on Audit Committee by TheIIA.org: Purpose, Process, and Professionalism. National Association of Corporate Directors Association of Audit Committee Members, Inc. Auditing Corporate governance Corporate law Committees Board of directors