The global pandemic that is COVID 19 has had far reaching consequences on us all, whether in our personal or professional capacity. The auditing profession has felt the impact harder than others. Not only do we need to change the way we perform our services, we also have to take into account the effect of the pandemic on our clients and the resulting effect on risk assessment and audit procedures to be performed. Join us in this session as we unpack the impact of COVID 19 on our audit files and the way we perform the audit.

• Professional Judgment and Professional Skepticism • Planning‒Risk Identification and Assessment – Understanding the Entity and its Environment – Materiality – Controls – Fraud • Audit Evidence – Inventory – Group Audits – Documentation • Auditing Accounting Estimates • Going Concern – Management’s Responsibilities – Auditor’s Responsibilities – Reporting • Auditor Reporting – Modifications to the Auditor’s Opinion – Material Uncertainty Relating to Going Concern – Emphasis of Matter Paragraphs – Key Audit Matters (KAMs) • Subsequent Events

Auditors, First year SAICA Trainees, Second year SAICA trainees, Third year SAICA trainees, Fourth year SAICA trainees, Fifth year SAICA trainees, Audit managers, Audit partners, and Engagement Quality Control Reviewers