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What impediments do travel restrictions present to auditors

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Reference no: EM132743899

Question: Audit case study

First reported to the World Health Organization as an unknown virus in late December 2019, coronavirus/COVID19 developments throughout 2020 are causing great uncertainty for the global economy.

This uncertainty is creating risks that audit clients may not have encountered before.

It also gives rise to new and rapidly changing conditions that auditors may not have previously encountered.

Required: Travel restrictions

1. What impediments do travel restrictions present to auditors when auditing the client's financial report (i.e. accounts)? ; 200-300w

Financial impact

2. Identify and briefly discuss the impact caused by the COVID19 pandemic on any five (5) accounts/areas of the client's financial report. 200-300w

Reference no: EM132743899

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