[Not-for-profit Auditors Face New Challenges Amid Pandemic]

The COVID-19 pandemic has brought significant impact on auditing not-for-profit financial statements due to uncertain situations. Practitioners indeed have more duties to scrutinise the internal controls of pre-pandemic and during-pandemic periods which its operations have shifted to work-from-home basic. Such a remote environment could elevate the possibility of fraud that need to be considered carefully in risk assessments by auditors.

What are the things that the practitioners need to keep in mind in auditing not-for-profit financial statements that cover periods coinciding with the pandemic?

Click the link below for additional information: https://www.journalofaccountancy.com/news/2021/jan/not-for-profit-auditing-new-challenges-amid-coronavirus-pandemic.html

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