EY’s “How audit committees can prepare for 2022 Q2 reporting“ homes in on areas of risk associated with current economic, political, regulatory, social, and other developments or conditions that have the potential to disrupt business operations or plans for most companies and thus should be on the audit committee’s agenda, as well as considered for potential impacts on the financial reporting process and associated disclosures. The briefing also provides a framework for incorporation of ESG into the internal audit work stream, as well as suggested questions for audit committees to ask management and auditors to inform their understanding and evaluation of the company’s posture on the foregoing topics.
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This post first appeared in the weekly Society Alert!