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Reporting and auditing during COVID-19
COVID-19 impacts on annual reporting disclosures
This guide for directors, preparers and auditors explains how COVID-19 challenges, uncertainties and impacts need to be addressed in the annual report. It was jointly published by CPA Australia, the Australian Institute of Company Directors (AICD) and Chartered Accountants Australia and New Zealand (CA ANZ).
Further reading on reporting and auditing
IFAC: The financial reporting implications of COVID-19
A summary of key guidance and areas to consider are provided as well as links to key references on the IFAC website.
Modern Slavery Act – coronavirus information sheet
The Department of Home Affairs provides guidance for entities about how to reduce the risk of vulnerable workers in their operations and supply chains becoming exposed to modern slavery as a result of the COVID-19 pandemic. This information sheet also explains how reporting entities under the Modern Slavery Act 2018 can address the impact of COVID-19 in their modern slavery statements.
INTHEBLACK articles
Going concern: business as unusual
The business sector’s “going concern” assessment is generally a rather routine practice, but in extraordinary times no process is as simple as it once was.
- COVID 19
article·Published onVisit INTHEBLACKAuditors turn to new tech amid COVID-19 crisis
COVID-19 forced many businesses to dramatically change the way they operate , such as adopting remote working. This article discusses technology solutions that can help auditors stay on top of their game.
- COVID 19
article·Published onVisit INTHEBLACK