AC Insights provides audit committee members with a summary of financial reporting developments for public companies using IFRS, how those developments might affect their company and things they may want to think about when reviewing financial reports. The insights are provided for developments to the end of the current quarter-end. Developments may occur subsequent to the quarter-end which change the guidance issued or perspectives on the guidance. Such changes will be reflected in subsequent editions of AC Insights.

We all continue to face the challenges of the COVID-19 pandemic. As we enjoy the Autumn season, the resurgence of COVID cases demands that we continue to be vigilant. The potential consequences of a resurgence on people, supply chains, customers' responses, operations, and recovery from the first wave empha size the need for strong internal controls and risk management policies. In their oversight role, audit committees will need to understand how management continues to evaluate the effects of COVID-19 on their operations, their people, their risk management programmes, and internal controls.

The US edition has a US GAAP update section along with the article on COVID-19 and the CSA, SEC and internal control update sections included in the Canadian edition.