The Future of
AUDITS and
ASSURANCE
Business Chief discusses the future of audits and assurance and the core priorities for the function in 2021 with KPMG
WRITTEN BY : GEORGIA WILSON
Speaking with Emilio Pera , Partner and Head of Audit , KPMG Lower Gulf , he explains that “ Audits are conducted in accordance with the International Standards on Auditing ( ISA ) on financial statements as a whole assurance , on the other hand , will provide different levels of comfort on specific elements of the financial statements and could include non-financial information as well . Assurance is a much wider concept with a wider application .”
Initial impact of COVID-19 for audits and assurance Since the outbreak of COVID-19 , Pera reflects that “ the most significant change is rapid digitalisation .” While prior to COVID-19 ,
92 April 2021