The current economic crisis has changed the scope of oversight by audit committees. The view emerged at a conference attended by 150 audit committee members in the US, in which 88% confirmed that the issues that fell within their remit had indeed changed. Members said that the top five areas of concern for 2009 were liquidity; access to capital and cashflow; risk management; financial statement issues (including fair value, asset impairments and disclosures); maintaining internal controls; and the alignment of business goals, incentives, compliance and risk. Audit committee members also showed a deep level of dissatisfaction with processes at board level which concerned risk. Only 12% members at KPMG's Audit Committee Issues conference were very satisfied with the processes that their company's board had in place to oversee the company's risk management activities, and 50% said that they are only somewhat or not at all engaged in discussing the assumptions that underlie management's material accounting judgments and estimates that might be impacted by the financial crisis. KPMG said that 'just as businesses are rapidly adjusting their own strategies and operations to deal with unprecedented pressures and mounting uncertainty, boards and audit committees also are undertaking a more focused and intense level of oversight'.