MARK STEWART: Continuous auditing may be one of the many changes in the way businesses operate beyond Covid-19

In the Business Beyond Covid series, CEOs and other business leaders and experts in their sectors look to the future after Covid-19. What effect has the pandemic and resulting lockdown had on their industries and the SA economy as a whole? Which parts will bounce back first and which will never be the same again? Most importantly, they try to answer the question: where to from here?

That said, I don’t think any organisation, in any sector, can say confidently they weren’t worried about the business effects of the pandemic. Even essential services businesses that kept operating throughout the lockdown have projected reduced profits because of supply chain restrictions on nonessential items. It is a stark reality that comes with limiting economic activity in an already constrained economic environment.

Our professional judgment and scepticism have become even more important since Covid-19. Many businesses are fighting for their liquidity and are experiencing high debt levels just to remain going concerns. To ensure there are no material misstatements and to provide the assurance that the industry expects from us, we’ve had to all remind ourselves that, despite this difficult time, we need to apply the standards and guidelines of our regulators.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Plans to reopen society should not leave behind immediate future of early learningNOMPUMELELO RUNJI | The silence in the broader public discourse on the lockdown, on the impact on ECD (early childhood development) centres and the personnel that attend to the needs of the young is concerning.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Patel: It's now up to businesses, workers and consumers to curb COVID-19 spreadTrade and Industry Minister Ebrahim Patel said that the hard lockdown was a 'blunt instrument' but one that bought valuable time for the government. We are all grownups and we certainly don't need uninformed politicians to decide for us Shift responsibility.... So Patti what’s happening to the funding.... Businesses are already either in their chops or partly in their chops how you expect them to take measures to curb the spread....? You guys are really clever NCCCthieves Has he ever run s business? What a loser!
Source: ewnupdates - 🏆 30. / 53 Read more »

Juvenile centres in Western Cape to remain open as staff recover from virusNo residents have tested positive for Covid-19.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Where's DD the Cat, ask MPs - who receive a June date for David MabuzaIt was silent about the appearance of Mabuza, despite indications last week that a similar encounter between him and MPs was also being arranged. Maybe in this lockdown situation deputy president he doesn't have role to play.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

Where's DD the Cat? ask MPs who want David Mabuza to answer questionsSocial media has been abuzz with this question: 'where's David Mabuza during this Covid-19' crisis? The 'Cat' is sharpening its nails. My leader😘👊🏿 scared he'll pick a virus !!!!! in hiding !!
Source: TimesLIVE - 🏆 28. / 59 Read more »

Where's DD the Cat, ask MPs - who receive a June date for David MabuzaSocial media has been abuzz with this question: “where's David Mabuza during this Covid-19 crisis?” I'm still searching.. 😒 Social distancing Lockdown hero kkkk but isn't he essential Service?
Source: SowetanLIVE - 🏆 13. / 63 Read more »