Insight

CAO agenda for recovery

How chief accounting officers are raising their game to respond to COVID-19

Dean Bell

Dean Bell

National Lead Partner, Accounting Advisory Services, KPMG US

+1 212-872-5527

Deon Minnaar

Deon Minnaar

Partner, Internal Audit & Enterprise Risk, KPMG US

+1 212-872-5634

Kevin Voigt

Kevin Voigt

Partner, National Service Line Leader, Economic & Valuation Services, KPMG US

+1 313-230-3359

Ron Walker

Ron Walker

Finance Transformation Service Network Lead, KPMG US

+1 858-750-7057

Falling revenue, liquidity issues, cost-saving scenarios. As companies grapple with the many challenges of operating in the COVID-19 environment, they are leaning more heavily on their CAOs than ever before to help maintain a sound financial footing. As a key member of the crisis management team, CAOs are performing far more than their “day job” duties of closing the books and managing internal controls over financial reporting in a virtual setting. 

In a new KPMG paper based on conversations with CAOs across the U.S., CAO agenda: How chief accounting officers are raising their game to respond to COVID-19, we report that they are focused broadly on three issues today: building a robust cash-flow forecast, optimizing internal controls over financial reporting, and testing for possible impairments. As challenging as these are, the expanding role of CAOs is also an opportunity to raise their own profiles among corporate leaders.

CAO agenda:
How chief accounting officers are raising their game to respond to COVID-19.