In addition to COVID-19-specific financial reporting considerations and insights (including as respects common SEC comments on pandemic-related disclosures), EY's "What audit committees need to know at the end of 2020 and beyond" (online here) identifies key financial reporting, tax, regulatory-related, and risk management issues and developments that audit committees should consider, and a series of targeted questions associated with each topic designed to facilitate the committee's review and discussion with the board, management, and the external auditors. Among other things, the report is a great tool to assist in populating the audit committee's 2021 calendar. Topic areas are accompanied by relevant additional resources.
Access additional information & resources on our Audit Committees, Audit & Audit Firms, Financial Reporting, Risk Management & Oversight and other relevant Society resource pages.
This post first appeared in the weekly Society Alert!