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Audit files need to mirror the issues and uncertainties of the pandemic. Peter Herbert indicates important places of aim, including impairment, materiality, letters of assist, COVID-19 support techniques, data generated by the entity and expert scepticism.&#13

Audit corporations have been battling with the implications of the pandemic for some time and it carries on to pose significant problems. Amid these is the autopsy phase, when audit excellent from the pandemic is place less than the spotlight all through inside and exterior file evaluate procedures.

Increasingly, pandemic-impacted audit files are becoming subjected to cold file reviews, and documentation is a key region of target. It generally has been. This is evidenced by the findings incorporated in ICAEW’s Audit Monitoring Report 2020  and earlier monitoring reviews.