2008 Year-end questions audit committee members should be asking

Download 2008 Year-end questions audit committee members should be asking

The current economic environment is top-of-mind, and these unusual times cause audit committee members to consider what additional questions they should be asking during the 2008 reporting cycle.These inquiries coalesce around a few themes that PwC has structured into a series of questions audit committees should consider asking management and the auditors during this challenging time.These questions are intended to be in addition to the more comprehensive questions the audit committee routinely asks management and the auditors. They cover topics such as fair value measurement, other-than-temporary impairment, goodwill impairment, disclosure, risk, going concern and M&A, among others.