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We expect audit committees will spend time discussing potential business implications arising from the November 5 US presidential election, including possible tax and regulatory policy impacts. Additionally, as organizations evaluate artificial intelligence (AI) use cases as the means to boost productivity and growth, there may be discussions around how organizations are building out their technology capabilities to capitalize on still-nascent use cases for GenAI.
Meanwhile, audit committees are also closely monitoring SEC-related activity. While the SEC issued an order staying its climate-related disclosure rules, audit committees are still keeping an eye on those proceedings as well as how companies will eventually comply with other new and emerging reporting requirements (e.g., California’s climate laws and the European Commission’s European Sustainability Reporting Standards).