Risk Assessment

The Delusion of Comprehension: The Anatomy of Fake News and the Paradox of Irresponsible Expertise

The Delusion of Comprehension: The Anatomy of Fake News and the Paradox of Irresponsible Expertise

On Fake News and why it matters to businesses as well as to society

Coping with COVID's Threat to Audit Quality

Coping with COVID's Threat to Audit Quality

"...The ability of entities to obtain data essential to the preparation of financial statements is considerably affected, particularly for those with significant operations in countries severely affected by COVID-19. This will result in delays in receiving financial data from subsidiaries or components for group audits and will be further exacerbated as more and more audit firm employees shift to working remotely. In some countries, secondments from other jurisdictions – relied on by audit firms to meet demand in busy periods – have been curtailed.

In such testing times, auditors are looking to develop and leverage alternative procedures to audit clients’ financial statements. By harnessing available technology, they may be able to better fulfil their audit obligations, mandatory isolation notwithstanding..."