This course is available in both Live Webinar (virtual) and Classroom (physical).

For this session, it will be delivered as CLASSROOM. If you prefer to join the Live Webinar session, please register here.

Programme Objective

The consequences of the Covid-19 pandemic on financial reporting and audit engagements are complex and have resulted in unprecedented challenges for management, those charged with governance (TCWG) and auditors.  The uncertainty arising from the current environment has greatly increased the challenges in performing the audit. Audit firms will have to reconsider deploying innovative methodology remote auditing, utilizing various technology tools available.

Learning Objective

This course aims to explore the various auditing implications arising from the effects of during the COVID-19 pandemic using examples and case studies that are applicable in Singapore’s context, to help practitioners overcome these challenges. 

Learning Outcome

Participants will be able to:
•    Identify risk and changes to audit approach affected by Covid-19 restrictions
•    Addressing risk and audit procedure in the new normal 
•    Review potential risk of material misstatement in a volatile environment

Programme Outline

Common challenges faced by auditors?

• Remote auditing of inventory, property plant equipment, cash. 
• Inability to sight to original documents 
• Assessing management going concern assumption 
• Implication on group audits due to global uncertainties and travel restrictions
• Performing impairment assessment of assets
• Disclosures in the financial statements on COVID-19

 

Training Methodology

Lecture style, with Exercises/Case Studies.

Closing Date for Registration

1 week before programme or until full enrolment.

Intended For

An intermediate level programme intended for Professionals Accountants in Public Practice and Audit professionals.

Programme Facilitator(s)