Audit Issues in a Pandemic (Completed)

Date: Monday, January 18, 2021
Instructor: Robert K Minniti
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs

The COVID-19 pandemic created unique issues for auditors. Starting with how the audit is conducted, maintaining safety for staff and clients, and accessing client’s data and locations. Auditors also need to consider how transactions were posted, how government shutdowns affected the business, and how changes in consumer demand and spending affected the entity. Auditors need to review how the organization posted PPP or EIDL loans. Auditors need to take special care in reviewing pandemic related disclosures and going concern issues for audit clients

Who Should Attend
CPAs, CMAs, CIAs, CFEs, CFFs, MAFFs, internal auditors, external auditors, managers, staff accountants, CFOs and others responsible for the audit process.

Topics Covered

  • How the audit is conducted
  • Maintaining safety for staff and clients
  • Maintaining safety for staff and clients
  • How transactions were posted
  • How government shutdowns affected the business
  • How changes in consumer demand and spending affected the entity
  • How the organization posted PPP or EIDL loans

Learning Objectives

  • Identify pandemic related audit issues

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Auditing (2 hours)

Program Prerequisites
None

Advance Preparation
None

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