Director Essentials: Financial Oversight Under Varying Economic Conditions

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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.