Remote Work, Accounting Risks Top Concerns for Audit Chairs

July 31, 2020, 4:09 PM

Audit committee chairs have been talking more frequently with their independent accountants this year as the coronavirus pandemic has pummeled the U.S. economy and altered the risk landscape for public companies.

Risks stemming from remote work topped the list of concerns for these corporate directors charged with oversight of the audit and financial reporting, according to a mid-year update released Friday by the Public Company Accounting Oversight Board, the U.S. audit regulator.

  • The report is a recap of voluntary conversations between PCAOB staff and chairs as part of 2020 audit inspections. Last year, board staff met with nearly 400 ...

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