As the coronavirus pandemic continues to spread and organizations are shutting their doors and having employees work remotely, auditors face the challenges of completing audits in process or meeting client deadlines for audited financial statements.
As such, the American Institute of Certified Public Accountants (AICPA) is sharing best practices to ensure auditors of private companies follow its Accounting Standard Board standards while working remotely. The agency hosted a Webcast on March 23 on private company auditing standards on remote auditing, with AICPA Chief Auditor Bob Dohrer and Andrew Prather, audit shareholder at Clark Nuber, sharing their insights.
