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This new guide, developed by ICAEW's Audit and Assurance Faculty, is designed for UK group auditors with component auditors based in China or other jurisdictions impacted by Coronavirus (COVID-19).
The emergence and spread of the Coronavirus (COVID-19) has resulted in many businesses, including audit firms, restricting employee travel to China and other jurisdictions that have been particularly impacted. Many groups have components based in China or other impacted countries. Group auditors will need to consider the implications of these travel restrictions for their work.
The guide offers practical considerations in relation to the work of component auditors to address the requirements in ISAs (UK). It may also be relevant for group auditors in other jurisdictions with similar requirements.
Coronavirus (COVID19) - Considerations for group auditors