The ongoing economic recovery, although nascent, is fostering a sentiment of cautious optimism that the market will continue to stabilize. Whilst confidence has been revived and to some extent, order has begun to be reinstated, there are still many issues and challenges to be faced in the newly recovering economy. In this emerging environment, it is crucial for Audit Committees to be informed of the risks potentially faced by the company as well as be vigilant of the effects thereof. In the wake of the financial crisis, the Audit Committee Institute, sponsored by KPMG, held a series of 6 interactive Roundtable discussions during the last 2 quarters of 2009. This publication highlights the salient takeaways and key insights from the Roundtables.