What COVID-19 means for audit committees

In this webcast, panelists explore how audit committees can enhance oversight of financial reporting as companies grapple with the unprecedented implications of COVID-19.

Join the EY Center for Board Matters for another episode in our webcast series, Better Questions for Boards, designed to provide directors with insights and questions to consider as they engage with management on a variety of complex boardroom issues.

Audit committees are preparing for the upcoming reporting period with a focus on material matters, changes to key performance indicators of financial condition, and operating performance. Given the current environment, their focus will likely also include a review of scenario plans, stress tests and updated ERM information while reviewing financial statements and other regulatory filings.

Our panelists will summarize the following matters to aid audit committees as they enhance oversight in these uncertain times:

  • Accounting and disclosures, with an emphasis on implications arising from COVID-19
  • Risk management, with considerations related to continuously assessing, responding and monitoring the shifting risk landscape
  • Financial reporting considerations
  • What additional inquiries should be made with management, compliance personnel and auditors

Our webcast will be 60 minutes and presented in an audio-only format. The panel, moderated by Steve Klemash, Americas Leader of the EY Center for Board Matters, includes:

  • Michael Mahoney, Partner, Tapestry Network
  • Cindy Doe, Partner, Americas Advisory Risk, Ernst & Young LLP
  • Paul Beswick, Partner, Assurance, Ernst & Young LLP
  • Angela Evans, Partner, Tax, Ernst & Young LLP


CPE credits: 0.0

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