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IFAC published Staff Audit Practice Alert that highlights areas of focus in an evolving audit environment due to the impact of COVID-19. It provides guidance to auditors on how to change their approaches to certain matters, and highlights relevant ISAs to be considered regarding specific matters.
Please view Staff Audit Practice Alert.
The world faces a new challenge due to COVID-19 pandemic. Considering the new circumstances, significant changes are expected in all areas of business activity. Thus, accounting, reporting and auditing sphere is not an exception. There arise various questions that need to be addressed.
SARAS started updating Useful Links section on the website. It enables all interested parties to be introduced to views and recommendations from competent authorities, international organizations and oversight bodies.