Publication of ‘The Impact of COVID-19 on Audit – A Guidance for Auditors’

The COVID-19 health crisis and continuing economic uncertainty present a unique set of challenges for auditors. Auditors might face practical challenges in obtaining and evaluating the sufficiency and appropriateness of audit evidence and completing the audits due to mobility and access restrictions. There could also be resource and time constraints in completing the audits. However, in all circumstances, the auditor’s work has to comply with the requirements of the International Standards on Auditing as applicable in Pakistan (ISAs).

We understand that the audits conducted in COVID-19 impacted business environment would necessitate heightened professional skepticism, more consideration and discussions of scope limitations.

With the objective to help auditors in responding to these challenges, the Institute’s Technical Services team has prepared the publication “The Impact of COVID-19 on Audit – A Guidance for Auditors’.

This publication is in question and answer form, and in view of the audits conducted in prevailing and post COVID-19 impacted environment, it:

  1. Highlights the significance of professional skepticism and possible scope limitations;
  2. Lists down and discusses key ISAs;
  3. Outlines a summary of significant areas requiring auditor’s consideration; and
  4. Provides responses to some of the common practical challenges that an auditor may encounter.

You can access the publication at:

While the publication outlines some of the key areas and provides responses, however, appropriate responses to issues will depend on auditor’s understanding and judgment of each audit’s unique facts circumstances.

We hope you find this publication helpful.

Circular 3 – Publication of ‘The Impact of COVID-19 on Audit – A Guidance for Auditors’