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Guidance for Auditors During the Coronavirus Pandemic

During the COVID-19 pandemic, audits should continue to comply with the required standards, which may necessitate different and enhanced considerations by auditors in the current circumstances. Auditors may need to consider developing alternative procedures to gather sufficient appropriate audit evidence to support their audit opinion, or to modify the audit opinion.

The following resources, assembled by the IAASB staff, have been included to help our stakeholders, and the larger accounting community, navigate some of the challenges ahead.

Staff Alerts

Audit Considerations Arising from Changes Due to COVID-19 Accounting Estimates Going Concern Subsequent Events Auditor Reporting Interim Reporting

Speeches, Public Statements and Presentations

Tom Seidenstein's Speech before the ICAI’s Virtual Conference on the Impact of the COVID-19 Pandemic on Reporting and Assurance

Tom Seidenstein's contribution to an article for the July 2020 issue of ICAI Journal - The Chartered Accountant

Links To Useful Resources

The following provide links to guidance or matters for consideration that may be relevant in the current circumstances.

In The Black (Article)