Unveiling the Impact of COVID-19 on the Accounting and Auditing Profession in the light of Subsequent Events-Algeria as a case study-

Abstract

This research aims to shed light on the effects of coronavirus pandemic on the financial statements through identifying the reflections of the events after the reporting period on the accounting and auditing profession. As long as the National Accounting Council has taken a number of actions relating to the COVID-19 pandemic, these procedures and measures include the updates on the financial reporting processes, disclosures in financial statements and the auditor’s report. These latter, indeed, have given several benefits to ease the tasks of the external auditors and a better range of strategies for dealing with the financial statements that might be affected by the COVID-19. Additionally, the government seeks to make its local environment for external auditing compatible with the international audit environment.