Audit and the Current Economic Environment - Recording

In recent times we have seen increased market turbulence which has meant some companies and business models have been seriously tested through increased market volatility, increased risk, and the liquidity squeeze.

These conditions have created significant challenges to preparers of financial reports and the accompanying audit. It is essential that auditors understand the key risks they face and assess these risks and respond appropriately during the course of the audit. This session will address the key risk areas in this environment and includes:

• ASA 540 – Audit of Accounting Estimates


• ASA 545 – Auditing Fair Value Measurements and Disclosures


• ASA 620 – Using the Work of and Expert


• ASA 570 - Going Concern