COVID19 is not a 'get out of jail free card' for auditors
Solving the audit challenge means changing the model. 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
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click andeasilycreate content.
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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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