The Implications of Repercussions of the Covid-19 Virus on the profession of accounting and auditing

This research aims to clarify the effects of the repercussions of Corona covid-19 on the accounting and auditing chart, by examining the current environment, ocean sciences, ocean sciences, ocean sciences, ocean sciences and external references, a field study on some accountants and external auditors at Egyptian accounting and auditing offices, researchers and those interested in accounting and auditing The researcher distributed (110) questionnaires to the study population as a proportional stratified random sample, and the set of questionnaires valid for statistical analysis was (96) questionnaires and their data were analyzed using appropriate statistical methods
The results of the study concluded that the outbreak of Corona covid-19 will have many substantive and potential accounting effects on the requirements of accounting measurement and disclosure, the most important of which are: the evaluation of events that occur after the end of the financial period, continuity and impairment of assets, classification of financial instruments and fair value measurement, as well as the outbreak of the Corona virus Covid-19 will cause many problems and challenges for the external auditor, the most important of which are: the need for continuous updating of the audit plan, the high level of audit risk, the insufficiency and adequacy of the usual audit procedures, the evaluation of the company's ability to continue, problems of reviewing subsequent events.
In order to overcome these challenges, the researcher presented a number of recommendations, the most important of which are:
Exercising judgments with due professional care and adequate disclosure of the impact of the virus on the business results of the facility and its financial position and with the appropriate timing for the auditors to carry out their work and the auditor's obtaining written declarations from the administration and court officials, expanding disclosure of the main audit matters in the audit report, the need to reconsider the qualification Scientific and practical for the auditors, using the work of the internal auditors, adopting the audit approach on the basis of the ban.