First reported to the World Health Organisation as an unknown virus in late December 2019,

coronavirus/COVID19 developments throughout 2020 are causing

great uncertainty for the

global economy.

This

uncertainty is creating risks that audit clients may not have encountered

before.

It

also gives rise to new and rapidly changing conditions that auditors may not

have

previously encountered.

REQUIRED

Travel restrictions

1. What impediments do travel restrictions present to auditors

when auditing the client's

financial report (i.e. accounts)? 250 words

Financial impact

2. Identify and briefly discuss the impact caused by the COVID19

pandemic on any five (5) accounts/areas of the client's financial report. 250

words