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How to Audit in a COVID-19 Environment

HOW TO AUDIT IN A COVID-19 ENVIRONMENT

Cost $30.00
Presentation Length 2.0 hours

Recorded DateAugust 19, 2020
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaAuditing
Course LevelIntermediate
Course Description

This session will provide external auditors both practical and insightful perspectives on how to navigate an audit engagement of a private company in 2020. You'll learn which areas of the audit have increased in risk due to COVID-19 as well as what alternative audit procedures are available to engagement teams in circumstances where traditional audit procedures are not possible. You'll acquire a clearer and deeper understanding of what will be needed to be done in order to properly perform audit engagements under this difficult environment in accordance with Professional Standards

Who is the course designed for: 
Practitioners in public practice that conduct audits of privately-held organizations.

Topics Covered:


  • Changes in the risk assessment procedures in response to COVID-19

  • How to gain an understanding of an organization’s internal control environment remotely

  • Properly communicating with management, a board of directors and those charged with governance

  • Increase in going concern assessments

  • Significant financial reporting and disclosure implications

Learning Objectives:


  • Identify areas of the audit where risk has gone up significantly due to the pandemic

  • A discussion of viable alternative audit procedures to perform

  • Addressing potential reporting implications

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Salvatore A. Collemi, CPA, is the Managing Member & Founder of Collemi Consulting & Advisory Services, LLC. Mr. Collemi brings more than two decades of experience with U.S. and international financial reporting and professional standards, corporate governance and risk management practices of public accounting firms.

About Our Presenter

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Collemi Consulting & Advisory Services, LLC provides trusted technical accounting and auditing expertise when you need it the most. Serving a full range of constituents in the public accounting profession, we help identify issues before they become problems.