What the document covers
The 2020 bulletin addresses disruption to audit work during the pandemic while retaining applicable auditing standards. Its emergency context should remain explicit.
Specific requirements and implications
The bulletin calls for reassessing controls, materiality and evidence when remote work or access restrictions alter normal procedures. Electronic confirmations require attention to authenticity, and alternative inventory procedures must still provide adequate evidence. If sufficient appropriate evidence remains unavailable, reporting consequences must be considered. Delayed closing may also require revisiting earlier conclusions. These are pandemic-era illustrations of applying the standards to changed circumstances rather than a blanket permission to omit procedures.
Official source
A concise, independent Apex Gateway guide based on the official English source, not a reproduction of the complete document. Consult the original for full conditions, exceptions and subsequent updates.
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