Dan Goelzer highlights in his most recent Audit Committee and Auditor Oversight Update a recent KPMG publication titled Tariffs Uncertainty: Ask the right financial reporting questions. Dan notes:

The paper, which KPMG describes as “a briefing prepared for audit committee members,” includes summaries of key areas of financial reporting that tariffs may affect and questions audit committees may want to ask related to each area. In KPMG’s view, the current geopolitical, macro-economic, and risk landscape — including tariffs uncertainty — is a top audit committee priority. KPMG’s publication provides a comprehensive overview of the issues audit committees may need to grapple with in the changing tariff environment, and the suggested questions would be a good starting point for exploring these issues with management.

Another recent tariff publication that is worth checking out is Jenner’s A Survey of How Public Companies are Providing Guidance in Light of Tariffs.

– Dave Lynn