In today's episode our resident financial professional talks about auditing during the Covid Pandemic, a qualified chartered accountant himself Adrian is familar with the auditing process.   In normal times the auditors team would attend client a clients site for between a week and two weeks during which time they dig into the books and records of a business verifying the accuracy of the accounting records.
The Covid pandemic has however presented many obstacles to overcome, premises are typically closed, staff are working from home or self isolating and the this means the majority of work has had to be undertaken remotely.   Auditors have been innovative in their approach to this challenge and we have heard of drones being used to attend stock takes remotely and for the staff walking around stock locations to have life streamed using mobile devices so the auditors can attend virtually.
Listed companies are very keen to stick to their anticipated accounts publishing dates as delays can make investors nervous.   Overall the profession appears to have coped very well with the lockdowns.
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