Question
QUESTION According to IFAC, the COVID-19 Pandemic could lead to an increase in the number of instances in which the auditor is required to modify
QUESTION
According to IFAC, the COVID-19 Pandemic could lead to an increase in the number of instances in which the auditor is required to modify their opinion as a consequence. It was that the problems relating to a material misstatement of the financial statements or additional scenarios in which the auditor is unable to obtain sufficient appropriate audit evidence during the COVID-19 Pandemic.
Required:
a. How the COVID-19 Pandemic has influenced the auditor in providing their service? Support your answer with at least THREE challenges that the auditor faced during the COVID-19 Pandemic. (15 marks)
b. What recommendations does IFAC make to prevent another scandal occur in the accounting sector? Discuss. (10 marks)
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Financial Accounting A Global Perspective
Authors: Rod Monger
1st Edition
0470518405, 978-0470518403
