Practical Audit Quality Considerations – Planning the Audit in the Pandemic Environment (webinar) - SUMMARY - AUDIT AND ASSURANCE
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Course
Accounting And Finance
Institution
London School Of Economics (LSE)
Book
Auditing and Assurance Services, Global Edition
This document contains a summary of what has been discussed in the webinar Practical Audit Quality Considerations – Planning the Audit in the Pandemic Environment. There is a link to the video on the first page. The key points have been summarised so that you don't have to watch the whole video y...
David Isherwood – Webinar Chair, Chair of Forum of Firms, Partner, Audit Advisory,
BDO UK
Objective
Highlight some of the key challenges to Audit Quality in both planning the
audit and ensuring ‘people wellness’ in the pandemic environment.
Offer insights on practical considerations to help navigate those challenges.
Panellists:
Fiona Campbell – Deputy Chair, International Auditing & Assurance
Standards Board & Partner, Assurance, Ernst & Young, Australia
Kym Reilly – PKF International Limited [Member, Forum of Firms] & Partner,
Audit & Assurance, PKF Australia
Alex Peal – Member, IFAC Small and Medium Practices Advisory Group &
Managing Partner at James Cowper Kreston, UK
Laurie Tugman – Member, IFAC Professional Accountants in Business
Advisory Group & Corporate Director, Canada
Dora Burzenski – Deloitte Touche Tohmatsu Limited [Member, Forum of
Firms] Managing Director, Deloitte LLP
Context
Things have changed really quickly in the first quarter of 2020. The change was so
quick and unprecedented that audit professionals started to lose some confidence of
their ability to form judgements and decisions.
There are lots of guidance and learning materials on the IFAC website to help audit
professionals navigate those new challenges. It includes how to work safely and all
aspects of accounting and auditing. Although the response to the guidance has been
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