What is the board’s role in financial reporting oversight?
RECORDED WEBCAST |
Audit committees play a critical role by overseeing and monitoring the financial reporting process for their organizations. The COVID-19 crisis is also fundamentally changing the world of work—and, in turn, affecting many board responsibilities. Boards, and particularly audit committees, must consider how this unprecedented event affects their financial oversight responsibilities, especially regarding financial reporting.
Join RSM and NACD for a webcast in which Sara Lord, RSM Chief Auditor; Rick Condon, RSM Partner, and independent director Sara Grootwassink Lewis will ask the following questions of audit committee members:
- How are you ensuring you maintain sufficient focus on financial reporting oversight responsibilities balanced with other COVID-19 responses and considerations?
- How are you providing financial reporting oversight with the appropriate rigor given the current (remote) working conditions?
- What new or different risks have you and your committee members encountered resulting from the impact of COVID-19?
- Has the COVID-19 situation required you to gain additional knowledge or focus more deeply in different areas of financial reporting oversight (e.g., going concern, impairment, debt covenant compliance)?