A look at audit after COVID-19
, Head of Audit Department, West Region, Polish Certified Auditor |
20 June 2020
The coronavirus pandemic in Poland and worldwide has been or will be reflected in the financial statements of many firms. This is the result of the restrictions imposed on businesses. In addition, of great importance is now the issue of going concern and the presentation of appropriate financial statements disclosures – of which we have been informing you on an ongoing basis. The new conditions have an effect on the value of assets, and in particular on their potential impairment. In this reality the auditor becomes a close advisor, as he/she is the one with extensive knowledge of the entity.
BDO’s audit experts will give you tips on what components of the financial statements and the reporting process are critical. They will advise the Audit Committee on the aspects of the company’s operations that require special attention at this time and what risks to consider.
We encourage you to read our publications on this matter: link
Important for the financial sector: link