Practitioner’s pulse (March 2021): Assurance implications of COVID-related government support

The Canadian federal and provincial governments have provided various forms of financial support to help businesses and individuals through the current pandemic. How do these affect your role, as an assurance provider, for clients who have applied for and/or received monies from these programs? What new risks and assurance issues may arise in your engagements this year related to government support and assistance?

Whether you are performing a review engagement or an audit engagement, if your client has applied for and/or received COVID-related subsidies or other support, you need to be aware of new risks and impacts to financial reporting. Join our speakers from BDO LLP and Richter LLP for a discussion about audit and assurance questions on COVID-related support.

Discussion topics include eligibility considerations and areas of the assurance engagement which may require more attention. Our speakers will also share practical examples to assist you in executing your engagements and discussing this topic with your assurance teams and clients.

• practitioner responsibilities in an assurance engagement related to COVID-related support applied for and/or received by a client

• practitioners performing audit and assurance engagements