Regarding the preparation of Sustainability Reports and Integrated Reporting, explain why companies should conduct materiality assessments and integrate them into corporate risk assessments related to COVID-19?

Auditing: A Risk Based-Approach to Conducting a Quality Audit
10th Edition
ISBN:9781305080577
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter17: Other Services Provided By Audit Firms
Section: Chapter Questions
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Regarding the preparation of Sustainability Reports and Integrated Reporting, explain why companies should conduct materiality assessments and integrate them into corporate risk assessments related to COVID-19? Hint: You are asked to provide an overview of the impact on non-financial aspects only.

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