This course will look at the impact of COVID-19 on both accounting and auditing. We will examine how COVID is impacting the way audits are performed now and in the future. We discuss how to adapt to a remote audit and how professional skepticism must be enhanced in a virtual audit. We also review the impact on internal controls and a control reliance strategy. On the accounting side, the course addresses the impact of COVID on accounting standards including the delays issued by many standard setters. As CPAs continue to operate in a challenging environment and adapt to the “new normal” attendees will leave this course with a great overall review of what must be considered to be successful in this environment!