Auditors can help management address short-term risks, with an eye toward what may lie farther down the road.
It may take years to calculate the full human cost of the coronavirus pandemic, but the pain is visible for all to see today. The U.S. has been hard hit. At the time of writing, there were more than 1.5 million confirmed U.S. cases of COVID-19 and more than 90,000 fatalities. Approximately 23 million people, representing nearly 15% of U.S. workers, had filed for unemployment benefits. Some parts of the country have ground to a standstill — a trend that has followed the progress of the virus around the globe.