The forces that influence public company financial reporting continue to evolve. Those involved in helping to provide the market high quality financial information continue to react to changes brought about by technological advancements, acquisitions/disposals, modifications to accounting standards, and changes to Internal Controls over Financial Reporting (ICFR), among other areas.
Most recently, the COVID-19 pandemic and related market conditions have created many new uncertainties for management of public companies, audit committees, auditors, and investors.
For this installment of our survey, we partnered with the Center for Audit Quality (CAQ) and performed an anonymous survey of audit engagement partners who provided additional insights beyond those obtained through the survey and interviews of Financial Executive International (FEI) members.