As the COVID-19 pandemic continues into its second year, auditors are faced with continuing challenges. Remote working, uncertainty in the economy, and ongoing challenges with obtaining sufficient appropriate audit evidence have all been highlighted by the IAASB in 2020 as critical.
The IAASB’s Covid-19 Staff Alerts provide reminders and help auditors navigate the current ongoing circumstances while the IAASB's webpage features additional useful resources during these ongoing challenging times.
A working group created by the International Ethics Standards Board for Accountants (IESBA) and national ethics standard-setters (NSS) from Australia, Canada, China, South Africa, the UK, and the U.S. has released a new article, entitled, "5 Ethical Challenges That Will Intensify as the Pandemic Wanes."
The article can be found on the IESBA Webpage and on IFAC's Gateway.