Six recommendations for Audit Committees operating in the ‘New Normal’

A Statement by the CEOs of IFAC and The IIA

1. Stay informed

2. Communicate and collaborate

3. Leverage available expertise

4. Promote continuous improvement

5. Think holistically

6. Embrace technology

The impact of COVID-19 will likely be felt for years, with most organizations continuing to experience varying levels of uncertainty. No one can accurately predict what the future holds, but audit committees can best serve their organizations and stakeholders through vigilance, adaptability, and the full use of the resources and information available to them.”