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