In light of COVID-19, auditors face unique challenges around the conduct of audits, expressions of audit opinion, measurement and assessment of accounting impacts, going concern, cashflow and recognition of revenue, conducting remote audits and the gathering of audit evidence due to travel and staff availability restrictions.
Join experts from Workiva and Deloitte for an exclusive conversation about the practical steps auditors can take to maintain accounting and audit controls during this unique time.
After this webinar, attendees will be able to:
- Interpret and implement the main areas of audit guidance released by European audit and accounting regulators
- Take steps to mitigate audit risk associated with COVID-19 (key estimates, going concern, entity specific disclosures, credit losses and accounting impacts)
- Recognise common issues auditors are encountering and discover best practices to overcome these challenges
- Explain how technology can help reduce disruption during the COVID-19 outbreak (gathering evidence, performed-by-client requests, reduced physical testing, audit committee, annual general meetings)