Auditing in Uncertainty

The audit profession in the UK faces almost unprecedented turmoil in 2020 and beyond, whether due to external challenges including the COVID-19 pandemic and Brexit, or to the increased scrutiny on the profession in the wake of high-profile corporate failures and audit scandals. This course outlines the current and impending challenges to audit planning, evidence-gathering and reporting from both technical and practical perspectives.

Content will include:

• COVID-19: financial reporting and auditing issues, including:
• accounting and auditing for government assistance
• estimates including fair values
• going concern and viability reporting
• fraud and ethical risks
• Post-Brexit guidance for auditors
• The future of audit in the UK, including the Brydon Review

The course will include examples and case studies to illustrate the issues.