Auditor considerations during this pandemic environment

WHAT YOU WILL LEARN

By the end of this event the attendee will:  

• Understand that the COVID-19 environment has a direct impact on preparing the financial statements and auditing;
• Be aware of the wider consequences that may result from COVID-19 and our national lockdown;
• Understand that audit quality is a must – even during this pandemic; and
• Know practical considerations that will ensure good audit quality. 

DESCRIPTION

The COVID-19 pandemic environment we are still in has led to measures such as social distancing which have changed the way that accountants and auditors interact with their clients. But while much of the environment has changed, the accountant and auditors need to ensure that they maintain commitment to quality and professional standards. 

Accountants preparing financial statements should take into considerations that the focus on auditor’s reports has increased in the current environment as investors and other users of financial statements seek greater transparency from entities around the impacts of COVID-19 in the financial statements, as well as greater transparency into the audit. COVID-19 has resulted in a rise in modifications to the auditor’s opinion, inclusion of material uncertainties relating to going concern, use of emphasis of matter paragraphs, and for listed entities, implications for key audit matters (KAMs).  

During this webinar, we will focus on quality considerations for each phase of the audit during this pandemic.

PRICE

The following pricing apply:
Ad hoc: R475.00
Subscription: N/A.

CONTENT

Study unit 1

Introduction

Study unit 2

Impact of COVID-19 on the auditing environment

Study unit 3

The wider consequences:

• Remote working and people wellness.
• Risk identification and internal controls.
• Materiality.
• Ethics/independence.
• Obtaining audit evidence remotely.
• Inventory.
• Documentation.
• Accounting estimates.
• Engagement Quality Reviews.
• Going concern.
• Auditor reports.

REQUIREMENTS

There are no preconditions for this course.
Moderate level.
Recorded webinar made available on a specified date

PRESENTER

By attending this webinar, you will be provided with:
– Summarised slide presentation.
– Reference documents and / or course material where available.
– Access to a technical knowledge base.
– Recorded webinar that includes an expert presenter and participant interaction.