COVID-19

Links to related communication

• IRBA Newsletter: 20 March 2020: IMPLICATIONS OF THE COVID-19 OUTBREAK ON AUDITS AND AUDITORS
• IRBA Communique: 20 March 2020: IMPLICATIONS OF THE COVID-19 OUTBREAK ON AUDITS AND AUDITORS
• IRBA Communique: 23 March 2020: IRBA response to COVID- 19 and Alignment to State of National Disaster Declared by the President
• IRBA Communique: 26 March 2020: Implications of the COVID-19 outbreak on audits, audit firms and regulatory requirements
• IRBA Communique: 1 April 2020: Response to Accountants and Auditors wanting their services to be designated as essential
• IRBA Communique: 3 April 2020: General Extension on Financial Reporting Periods
• IRBA Newsletter: 16 April 2020: The Impact of COVID-19 on the Auditor’s Report: Going Concern
• IRBA Communique: 16 April 2020: THE IMPACT OF COVID-19 ON THE AUDITOR'S REPORT: GOING CONCERN
• IRBA Communique: 21 April 2020: COVID-19: HIGH-QUALITY AUDITS AND ITS IMPLICATIONS FOR REPORTING DEADLINES
• IRBA Communique: 23 April 2020: COVID-19 and Its Impact on File Assembly (Archiving)
• Terms of Reference: COVID-19 Task Force
• IRBA Communique: 18 May 2020: IRBA draws attention to the Key Audit Matters in auditor's reports as it relates to COVID-19
• IRBA Communique: 20 May 2020: IRBA lifts the suspension on the submission of second Reportable Irregularities reports
• IRBA Communique: 22 May 2020: IMPACT ON AUDITS DUE TO COVID-19: RELATED PUBLICATIONS
• IRBA Communique: 25 May 2020: DIFFERENT INTERPRETATIONS OF PERMITTED SERVICES UNDER ALERT LEVEL 4 LOCKDOWN REGULATIONS
• IRBA Communique: 30 June 2020: Auditors′ duty to report RIs on non-compliance with EAAB regulatory deadline of 30 June 2020
• IRBA Communique: 1 July 2020: A FOCUS ON INTERIM FINANCIAL INFORMATION
• IRBA Communique: 9 July 2020: IMPACT ON AUDITS DUE TO COVID-19: RELATED PUBLICATIONS FOR ACCOUNTING ESTIMATES AND INTERIM REPORTING

Links to other South African regulatory communication

• JSE - 1 June 2020: COVID-19 Extension of Financial Reporting
• JSE - Announcement: General Extension of Financial Reporting Periods
• JSE - Letter: COVID-19 Extension of Financial Reporting
• FSCA - Communication 27 of 2020: Impact of COVID-19 on Compliance with the Financial Markets Act, 2012, (Act No. 19 of 2012) (“FMA”)
• FSCA - Communication 15 of 2020: Impact of COVID-19 on Compliance with Various Requirements of the Financial Markets Act, 2012, (Act No. 19 of 2012) ("FMA")
• The Legal Practice Council extends the dates for submission of trust account audit reports

Links to available guidance

• IFIAR Website: COVID-19 Updates
• IAASB Website: Guidance for auditors during the coronavirus pandemic
• IESBA Website: COVID-19 Q&As Highlighting Ethics & Independence Considerations
• SAICA Website: COVID-19
• The Impact of Coronavirus on Financial Reporting and the Auditor’s Considerations AASB−AUASB JOINT FAQ MARCH 2020
• AUASB COVID-19 Guidance: Additional COVID-19 FAQs
• PCAOB Update on Operations In Light of COVID-19
• FRC: Guidance on audit issues arising from the Covid-19 (Coronavirus) pandemic
• FRC: Advice to companies & auditors on Coronavirus risk disclosures
• ICAEW Guide: The Financial Reporting Implications of Coronavirus Under UK GAAP
• HKICPA Impact of Coronavirus Outbreak on Audits and Auditor – February 2020
• HKICPA Financial reporting implications of coronavirus – March 2020
• Center for Audit Quality (CAQ) COVID-19 Resource: Key Auditor and Audit Committee Considerations
• FRC: Gathering Evidence through Remote Means
• FRC: Modifications of Independent Auditor’s Opinions and Reports
• FRC: Podcast in conversation with Mark Babington on audit guidance during COVID-19
• PCAOB Spotlight: COVID-19: Reminders for Audits Nearing Completion
• Center for Audit Quality (CAQ): Managing Fraud Risk, Culture, and Skepticism During COVID-19
• Center for Audit Quality (CAQ): Auditing Accounting Estimates in the COVID-19 Environment
• IAASB: Auditing Accounting Estimates in the Current Evolving Environment Due to COVID-19
• IAASB: Review Engagements on Interim Financial Information in the Current Evolving Environment Due to COVID-19
   

Guidance for Those Charged with Governance

• IDSA: Guidance for Boards - Crisis Management