Director Essentials: Financial Oversight Under Varying Economic Conditions

Nonmembers can access this publication by creating a guest account.

In brief: Financial oversight goes beyond consideration of financial reporting and internal control to include assessment of financial condition and stock market volatility.

This guide can help directors in the following ways:

• Helps directors interpret the balance sheet, income statement, and cash flow statement
• Lists caution signs for the data in each statement
• Suggests questions to ask in times of economic challenge, such as inflation and recession
• Gives examples of finance committee charters
• Provides a glossary of key economic and financial terms

Most relevant audiences: Directors, finance committee members, audit committee members, CEOs, and CFOs.