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ARTICLE · 07 JANUARY 2021

What Issues Should Be On The 2021 Audit Committee Agenda?

Cooley LLP
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In this new Bulletin, consultant Protiviti identifies key issues for the 2021 audit committee agenda and—no surprise—at least half reflect the impact of COVID-19.

United StatesAccounting and Audit
Cydney Posner
Cydney Posner
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In this new Bulletin, consultant Protiviti identifies key issues for the 2021 audit committee agenda and-no surprise-at least half reflect the impact of COVID-19. The agenda includes four topics related to enterprise, process and technology risks and four related to financial reporting, with a reminder regarding ESG. Also available is an audit committee self-assessment questionnaire. The topics suggested for the audit committee agenda are summarized below.

Enterprise, process and technology risk issues

  1. "Consider shifts in the risk landscape to establish an appropriate business context." The pandemic and its fallout have presented the most obvious risks of disruption to the context in which businesses operate. For some companies that disruption has been dramatic, including business shutdowns, changing consumer behaviors, changing workplaces (e.g., work from home, health safety compliance), supply chain issues and uncertainties related to the economy. Continued

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