The impact of COVID-19 can be profound as companies face a variety of risks while navigating through shifting priorities and business activities. During these unprecedented times, it’s imperative that audit committees work closely with management to understand these risks and to oversee the impact they may have on financial statements and related reporting.

This special edition Audit Committee Brief focuses on the accounting and financial reporting implications that may result from the pandemic and includes audit committee considerations, as well as questions they can ask management, in the following areas:

• SEC relief
• Financial reporting and disclosure consideration
• Accounting implications
• Internal control over financial reporting

This publication was released by our US firm.

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