How to Audit in a COVID-19 Environment

How to Audit in a COVID-19 Environment
2:00 - 4:00 PM ET
Untitled Document

1.8 hrs CPE/CPD in Auditing

Program Level: Intermediate   

How To Audit In a COVID-19 Environment         

This session will provide external auditors both practical and insightful perspectives on how to navigate an audit engagement of a private company in 2020.  You'll learn which areas of the audit have increased in risk due to COVID-19 as well as what alternative audit procedures are available to engagement teams in circumstances where traditional audit procedures are not possible. You'll acquire a clearer and deeper understanding of what will be needed to be done in order properly perform audit engagements under this difficult environment in accordance with Professional Standards.

Who is the course designed for: 
Practitioners in public practice who conduct audits of privately-held organizations.

Topics Covered:
• Proper planning of an audit engagement during the pandemic
• Changes in the risk assessment procedures in response to COVID-19
• How to gain an understanding of an organization’s internal control environment remotely
• Properly communicating with management, board of directors and those charged with governance
• Increase in going concern assessments
• Significant financial reporting and disclosure implications 

Learning Objectives

  • Identify areas of the audit where risk has gone up significantly due to the pandemic.
  • A discussion of viable alternative audit procedures to perform
  • Addressing potential reporting implications
Speaker Bio
Salvatore A. Collemi, CPA
Managing Member & Founder 
Collemi Consulting & Advisory Services, LLC
Mr. Collemi brings more than two decades of experience with U.S. and international financial reporting and professional standards, corporate governance and risk management practices of public accounting firms. Collemi Consulting & Advisory Services, LLC’s mission is to strive to promote and enhance global audit quality. His practice provides outsourced high-level strategic and technical guidance to external auditors, litigation attorneys, C-suite, valuation experts and institutions that support the CPA profession. Services include a full range of U.S. and International accounting & auditing consultations, technical reviews of financial statements and workpapers, AICPA Peer Review & PCAOB Inspection preparation, perform internal inspections, customized CPE training, independence & ethics consultations, financial statement preparation, bookkeeping, time & billing, etc. Mr. Collemi is also available as a keynote speaker at company retreats.

As a former Staff Accountant in the Division of Corporation Finance, a Technical Manager in the National Peer Review Program and national office technical partner at leading institutions such as the SEC, AICPA and several mid-size to large international public accounting firms, Mr. Collemi has demonstrated the impact of U.S. and International financial reporting, internal control systems and regulatory compliance acumen as they affect privately-held and publicly-traded companies.

As a recognized subject matter expert on IFRS, Mr. Collemi was named by the AICPA as an official participant in the development and review of IFRS questions for the Uniform CPA Examination and served as the IFRS Expert-at-Large for the AICPA Board of Examiners Content Committee from 2011-2014.
9/23/2020 2:00 PM - 4:00 PM
Online registration not available.

Sign In