Impact of Covid on Audit

CACSCMA com
October 17th 2021


The unprecedented current situation caused by Covid-19, has disrupted most professions across the globe with accounting and auditing being no exception. Mandatory lockdown measures were imposed by governments to control the spread of the virus, with individuals having to work from home where possible. For auditors, this means they can no longer travel to audited entity premises, nor even to their own offices and that their audits will have to be completed remotely.

 

Read full pdf https://www.accaglobal.com/content/dam/ACCA_Global/img/respcam/Coronavirus/The%20impact-of-Covid-19-on-Audit-and-Assurance-challenges-and-considerations.pdf

 

Assessing Audit risk during Pandemic

https://www.journalofaccountancy.com/news/2020/dec/assess-audit-risks-during-coronavirus-pandemic.html

 

14 April 2020: ICAEW’s Audit and Assurance Faculty ran a webinar outlining how auditors should factor the impact of the COVID-19 pandemic into their work. Julia Penny outlines some of the main takeaways.

https://www.icaew.com/insights/tax-news/2020/apr-2020/covid-19-the-impact-on-key-areas-of-audit

 

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