Risk mitigation during COVID-19 - Journal of Accountancy

TOPICS / COVID-19

May 4, 2021

4 reopening mistakes employers must avoid

As firm leaders prepare for a post-pandemic work world, they should take care to plot a path that steers clear of potential pitfalls — four of which are explored in this article.

March 25, 2021

Number of US companies planning space reduction grows slightly

Questions asked as part of a quarterly economic sentiment survey show that more companies expect to cut back on office space in the coming year.

March 22, 2021

Broaching tough conversations with clients

CPAs are knowledgeable about their small business clients’ financial conditions and emotionally removed enough from the organizations to help business leaders see what they often would rather avoid.

March 1, 2021

Fighting fraud on a limited budget

Even in difficult economic times, it’s important to keep up the processes and controls that prevent fraud.

March 1, 2021

Staying vigilant against fraud during the pandemic

Internal controls need to be front and center, as the COVID-19 crisis has increased the incentive and opportunity for fraud.

January 27, 2021

Not-for-profit auditors face new challenges amid pandemic

Remote auditing, new risks, going concern issues and changes in internal controls give not-for-profit auditors a long list of challenges to meet as a result of the pandemic. Here’s what practitioners should keep in mind.

January 12, 2021

Deterring and detecting fraud at a time of heightened risk

Fraud risks have increased as a result of the coronavirus pandemic. A new report by the Anti-Fraud Collaboration provides strategies for mitigating those risks.

December 23, 2020

Financial fraud risks to watch for amid the pandemic

CPAs need to be especially watchful for fraud amid the severe financial pressures associated with the coronavirus pandemic.

December 21, 2020

Forecasting and impairment tips for an unprecedented time

The economic slump resulting from the pandemic has increased the risk of asset write-downs and added to the pressure on auditors to scrutinize impairment models. Company boards also are paying more attention to forecasting and impairment.

December 16, 2020

Quiz: Are you prepared to audit fraud risk during a pandemic?

With so many organizations financially affected by the COVID-19 pandemic and making an abrupt shift to remote working, there’s a perfect storm for increased fraud in financial statements. Take this quiz to see if you know your responsibilities for auditing fraud risks in your engagements.

December 14, 2020

Attracting and keeping clients during COVID-19

CPAs offer advice on how to retain and attract clients during difficult times.

December 10, 2020

What to know about holiday travel policies during COVID-19

Firms share the approaches they are using to keep employees safe, and HR experts advise firms to stay current with their state’s guidance, know their rights as employers and communicate policies clearly to staff.

December 9, 2020

Assessing audit risks during the pandemic

The coronavirus pandemic has caused the risks of material misstatement and fraud to change substantially for many audit clients. Here’s how practitioners can continue delivering high-quality audits in this environment.

December 2, 2020

Auditing fraud risk during a pandemic

Fraud risk in the financial statements has been elevated amid the coronavirus pandemic. Here’s what practitioners need to know as they audit the risks of fraud during their engagements.

December 2, 2020

New report highlights digital transformation during COVID-19 and beyond

Get some insights on how CPAs and finance professionals are using technology solutions to change their businesses in the era of COVID-19. A new report will guide a long-term, strategic approach to drive digital success, manage risk and streamline costs.

December 1, 2020

Capex risk management during the coronavirus pandemic

The coronavirus pandemic has disrupted companies’ capital project plans, not only this year but most likely for the foreseeable future. This five-step risk-modeling approach can help finance leaders identify company vulnerabilities and capital expenditure opportunities.

October 21, 2020