There is nothing routine about what audit committees are facing this year. Most committees seem appropriately focused on their financial reporting duties, yet committee members can't forget about other audit oversight responsibilities: risk management, internal and external audits, compliance, and even culture.
In this episode, Stephen Parker, partner with PwC's Governance Insights Center, frames the audit committee landscape and shares insights from PwC's recent report, COVID-19: Navigating Core Audit Committee Responsibilities.
- Which critical audit committee responsibilities have been impacted by COVID-19?
- What trends does Parker see within internal audit right now?
- What questions should audit committees be asking about corporate culture?