Audit committees are facing a tall order as they work to finalize financial reporting for a particularly challenging year. In addition to reporting precision, audit committees are concerned with year-end issues ranging from taxes to critical audit matters (CAMS). To complicate matters further, the audit committee's role within ESG is still loosely defined. What can audit professionals do to gather clarity around expectations and standards?
In this episode, Stephen Parker, Partner at PwC's Governance Insights Center, frames the current landscape for audit committees and highlights key areas of focus:
- What topics should audit committees include on the agenda for their next meeting?
- How can audit committees best prepare for a virtual auditing process?
- What role do audit committees play in ESG?