A lot has changed in the working world of a financial auditor due to COVID-19. Meetings via videoconference, travel restrictions, working from home and other remote structures and processes had to be implemented quickly due to the pandemic. Small companies in particular – both auditors and clients – have made significant upgrades to their IT systems during the past 18 months.
In addition to working conditions, financial auditors face other challenges during the pandemic. Assessing the going concern premise based on lost revenues, liquidity shortages, supply chain issues and production stops during lockdowns is a very challenging task, for example.
In her article, Dr Shqiponja Isufi explains how companies can grasp the opportunities presented by the COVID-19 crisis and why a career as a financial auditor is set to become even more attractive for the younger generation.