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According to a new KPMG report, audit committees will have fuller plates than usual in the coming year as a result of managing agendas packed with new risk management responsibilities amid the fallout from the coronavirus pandemic and other crises of 2020

Questions

  1. How many issues has KPMG identified that audit committees will have to deal with?
  2. According to the report, what percentage of audit committee members surveyed said that COVID-19 has prompted them to reassess the scope of their agenda and their risk management responsibilities?
  3. What were the issues listed in order of importance according to the article?

Source:

Hood, D. (2020) COVID disclosures, extra risks top audit committee agendas for 2021. Accounting Today, December 23 (Retrievable online at COVID disclosures, extra risks top audit committee agendas for 2021 | Accounting Today)