Answering the call for change in the audit and financial reporting landscape
The need to provide an independent point of view on reported information is more important than ever.
As the world responds to and recovers from the peak impacts of the COVID-19 pandemic, could this time be a catalyst for change in the audit and financial reporting landscape?
As organizations start to move out of the immediate response phase where different approaches were taken across geographies, from delaying financial reporting to allowing for remote annual general meetings and electronic signatures, this time provides a moment to consider our role as auditors serving the public interest.
What is needed in the future? How can the audit profession respond to the call for transparency and reliability more holistically across the financial and corporate reporting ecosystem?