Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTIONS TO THE AUDITOR: During the covid 19, Most of the businesses are going down as a result there is a question arise about going

QUESTIONS TO THE AUDITOR:

During the covid 19, Most of the businesses are going down as a result there is a question arise about going concern. Would you kindly have said what is the procedure taken by the auditor for going concern impact? 2. As we know, everyone is working from home. So how much difficulty face on the auditing time and how much time needed to complete the report in covid 19 time. 3. What is the difference between pre covid audit report and post covid audit report? How much hassle would you get after covid time? 4. In Audit evidence, how can the organization contribute their support after the covid time and is their any change in the behaviour of the organization? If their behaviour is change, how much it will impact on auditing and how can you overcome? 5. In analytical approaches, how can computer technology help an auditor during and after covid 19? Is analytical approaches are going easier after covid because of computer technology? Is there any issue create by computer analytical procedure? How auditor utilised information technology to collect audit evidence? 6. Due to pandemic covid-19 Dhaka was under strict lockdown and no auditor couldn't verify transection physically. How auditor performed analytical procedures during the lockdown? 7. How physical inventory counting was conducted to confirm inventory valuation in covid 19 time? 8. Because of COVID-19 pandemic auditors had to work from home. To enhance the effectiveness and the flexibility of communication between auditors and their clients what type of strategies were implemented? 9. Due to COVID -19 pandemic is there anything regular that you haven't been able to conduct this year? 10. Auditors need to perform internal control test on client premises, so that they can trace transactions of business step by step. How were these walkthroughs performed and internal control test was conducted because of COVID -19 pandemic?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Beginners

Authors: Warren Piper Ruell

1st Edition

1713479397, 978-1713479390

More Books

Students also viewed these Accounting questions

Question

Prove that ||u - v|| ||u|| - ||v|| for all vectors u and v in Rn.

Answered: 1 week ago

Question

Understand a department managers role in locating job candidates

Answered: 1 week ago