COVID19 is not a 'get out of jail free card' for auditors
Auditors are under pressure so it’s important they play their part in COVID-19 recovery and provide a fair view of which businesses are going concern.
Auditors are under a lot of pressure at the moment but it’s so important that they play their part in the COVID-19 recovery and provide shareholders with a fair view of which businesses are going concern and which aren’t, rather than applying blanket warnings across their client base to absolve themselves of blame in the event of future failure. 'There are no get out of jail free cards' – solving the audit challenge requires changing the model. Full article by Simon Bittlestone in Accountancy Today
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Metapraxis CEO since 2012 and serves on the global governing body of the Chartered Institute of Management Accountants. When out of the office he loves travelling, Twickenham and White Hart Lane!
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COVID19 is not a 'get out of jail free card' for auditors
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Will the current trend for investor focus on profitability continue in the long term or is this just a response to the current economic climate? We discussed this and more at our most recent Financial focus dinner.
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