Audit committee chairs discuss the implications of the COVID-19 pandemic

COVID-19 pandemic virtual call, March 2020

From March 24–26, 2020, Tapestry Networks convened a series of virtual meetings with the audit committee chairs of more than 50 large, public companies across the United States, to discuss how companies, boards, and audit committees are responding to the COVID-19 pandemic. EY experts and senior leaders joined the audit chairs in these meetings.

This special edition of ViewPoints synthesizes discussions about three trends:

  • Liquidity is a concern as companies face revenue and free cash flow declines
  • Financial reporting work is getting done remotely
  • Board oversight looks different but remains critical