June 8, 2020
Published: The CAQ
The COVID-19 pandemic and the related market conditions create many new uncertainties for public companies, auditors, and audit committees. As SEC Chair Jay Clayton recently recognized, the continuing operation of the US capital markets is an essential component of the US’s response to, and recovery from, COVID-19. This resource provides reminders for auditors related to their responsibilities to identify, assess, and respond to risks of material misstatement. In addition, these reminders also may be helpful to audit committee members in their oversight role of the external audit.