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Image header Agence Europe
Europe Daily Bulletin No. 12476
Contents Publication in full By article 25 / 29
NEWS BRIEFS / Finance

Covid-19 pandemic puts pressure on auditing firms

28/04/2020 (Agence Europe)According to a new study by the Association of Chartered Certified Accountants (ACCA) released on Monday 27 April, the Covid-19 pandemic is really hampering the work of audit firms, which require direct interaction with the audited entity. Despite digital advances, for many companies the crisis has created a systemic shock to normal customer engagement activities, the ACCA explains. A significant 53% of the professionals surveyed reported difficulties in carrying out their client services work and a quarter reported difficulties in gathering audit evidence. Over a third (36%) also reported being unable to meet the reporting deadlines. This has been recognised as a particular difficulty, as many jurisdictions have decided to flex these deadlines in response to the crisis. To read the study: https://bit.ly/3cMwqYG (MF)

Contents

EU RESPONSE TO COVID-19
EXTERNAL ACTION
INSTITUTIONAL
SECTORAL POLICIES
ECONOMY - FINANCE - BUSINESS
COUNCIL OF EUROPE
NEWS BRIEFS