compensation data is reported? Part B: (10 marks) Explain Auditing in times of social distancing: the effect of COVID-19 on auditing quality propo Australian Securities and Investment Commission (ASIC) in the following situations: 1. What should be the focus areas for auditors under COVID-19 conditions? 2. Should audit fees be reduced when reviewing other cost saving initiatives? 3. Should an auditor delay their opinion until a limitation or uncertainty is resolved? 4. What should be influence of COVID-19 and going concern assessment