FVC2040. FVS Forum: Managing the Professional Liability Risk Impact of a Worldwide Pandemic

COVID-19 has forced a re-thinking of the way almost every facet of life operates. Clearly, the services delivered by CPAs are no exception. Audit work is now being conducted remotely. Many CPAs have been asked to assist their clients with consulting projects unheard of before pandemic legislation such as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, including helping with loan applications and forgiveness, advising on changes to required minimum distributions and more.

Learning Objectives:

• Identify risk considerations for existing audit, tax and consulting engagements
• Determine opportunities and risks related to COVID-19 Relief
• Distinguish important workplace and administrative procedures to keep on the radar