Audit Committees: Disclosure Issues

In this 34-minute video, KPMG’s Rani Doyle addresses:

1. Last minute management changes to earnings scripts
2. Audit committee makes changes to SEC filings just to prove a point that they’ve read the document
3. Audit committee asks for too much time to review a SEC filing
4. Last minute developments impacting SEC filings or earnings releases, including:

a. Significant typo in a SEC filing
b. “Last minute” development / new information
c. New 8-K event just before a shelf-takedown
d. Miscommunications among disclosure team
e. Non-GAAP presentation debates
f. Time rush errors

5. Forward-looking statements and legends
6. ESG issues