Information of PAOB to the COVID-19 pandemic

The current pandemic situation and measures adopted to slow-down its spread influenced undoubtedly all parts of the society and will inevitably affect also auditors. The economic situation of a number of companies is significantly changing and auditors have to react to these changed conditions. Measures adopted require at the same time different organization of the work of the auditors. In relation to the current situation, the European Committee of the Audit Oversight Bodies (CEAOB), of which PAOB is a member, adopted a statement that is available at https://ec.europa.eu/info/sites/info/files/business_economy_euro/banking_and_finance/documents/20
0325-ceaob-statement-covid-19_en.pdf

The statement of the Ministry of Finance of the Czech Republic is available at https://www.mfcr.cz/cs/verejny-sektor/ucetnictvi-a-ucetnictvi-statu/externi-audit/ostatni-informace-a-dokumenty/sdeleni-mf-k-prohlaseni-vyboru-evropskyc-38084

The statement of ESMA is available at https://www.esma.europa.eu/press-news/esma-news/esma-
recommends-action-financial-market-participants-covid-19-impact

The statement of EBA is available at https://eba.europa.eu/eba-provides-clarity-banks-consumers-
application-prudential-framework-light-covid-19-measures

 Accountancy Europe: https://www.accountancyeurope.eu/tag/coronavirus/