100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Summary

Practical Audit Quality Considerations – Performing the Audit in the Pandemic Environment (webinar) - SUMMARY - AUDIT AND ASSURANCE

Rating
-
Sold
-
Pages
7
Uploaded on
01-06-2021
Written in
2020/2021

This document contains a summary of what has been discussed in the webinar Practical Audit Quality Considerations – Performing the Audit in the Pandemic Environment. There is a link to the video on the first page. The key points have been summarised so that you don't have to watch the whole video yourself and make notes of the important points. This webinar video was used to complete a piece of coursework for the module Audit & Assurance where students were required to produce a written report discussing how the pandemic environment has affected auditors and businesses/companies in performing the audit. Areas covered: audit evidence, How do you recreate the team dynamics when the way you work is different? Does it change the way in which people are looking at reliability and credibility in audit evidence? Challenges in working with new clients and the implications of it, The quality of scanned documents as evidence – should we be putting in some additional procedures around the review of scanned documents? How should the profession react to that threat of hindsight bias? accounting estimates, Engagement Quality Reviews (EQRs).

Show more Read less
Institution
Course








Whoops! We can’t load your doc right now. Try again or contact support.

Connected book

Written for

Institution
Study
Course

Document information

Summarized whole book?
No
Which chapters are summarized?
Practical audit quality considerations
Uploaded on
June 1, 2021
Number of pages
7
Written in
2020/2021
Type
Summary

Subjects

Content preview

Module: Audit and Assurance


Practical Audit Quality Considerations – Performing the Audit in the Pandemic
Environment


Video link: https://www.youtube.com/watch?v=lRvoIvJQ5zw


Paul Ginman
 Has over 30 years of experience working with international accounting
networks dealing with quality management and looking at the audit issues that
we face around the world.
 He says he has never been in any circumstances like this. It is throwing new
challenges to all of us in the way in which we work.
 This webinar will talk through some of the issues that we are facing.


Objective
To go through the challenges of performing an audit in the current pandemic
environment, ensuring that we maintain the highest quality standards in what we do
and that we continue our important role of serving society through performing our
work.


Context
 The pandemic has created a new awareness of social justice issues.
 The pandemic has created uncertainty and fear.
 Despite thoughtful audit planning, the pandemic environment may mean the
audit may not go ahead as anticipated.


Continued Commitment…
 We need to be ready to react when things don’t go as planned.
 Nothing can change our commitment to audit quality, professional standards
and to meet our obligations to the wider community and society at large.


Key areas of focus
 Audit Approach
 Risk identification
 Materiality
 Impact of the pandemic on independence

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
SupplementaryStudyNotes
Follow You need to be logged in order to follow users or courses
Sold
27
Member since
4 year
Number of followers
23
Documents
0
Last sold
1 year ago
SupplementaryStudyNotes

4.3

8 reviews

5
3
4
4
3
1
2
0
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions