Audit and Beyond November 2020
In this month's issue the provision of accounting services poses threats to auditor independence. John Selwood considers ways to tackle the issues, A look at the latest findings from QAD Audit monitoring report, Sudhir Singh reflects on how responses to the pandemic may improve the quality of charity audits, David Lyford-Smith shares insights into the increasing overlap of audit and technology and Geoff Swales offers pointers on how the pandemic has changed the way auditors carry out their business, and it’s not without its challenges.
Avoiding threats to independence
Providing other accounting services to audit clients raises many issues and risks. Lecturer John Selwood examines the need for extreme care and appropriate safeguards.
Auditing the auditors: the monitoring report released
Latest audit quality monitoring reveals a quarter of files reviewed by QAD needed improvement. Its report identifies areas of concern and shares tools for improved practice.
Charity begins at home: finding positives in a pandemic
How has charity auditing and financial reporting been affected by COVID-19? Sudhir Singh discovers that the pandemic could lead to improved quality of the remote audit as parties.
Meeting the challenge of remote auditing
Travel restrictions, virtual attendance, screen sharing, scanned documents – PwC’s Geoff Swales looks at ways to manage the challenge of remote auditing in a COVID-19 world.
Tech impact on the delivery of audit
How much is technology transforming the quality of audit? David Lyford-Smith shares his thoughts and looks at what reviews, reports and other resources are revealing.
