In the news: Managing Audit Fee Pressure During COVID-19
The article discusses how public accounting firms face unique challenges managing audit fees during the atypical 2020 fall season amid COVID-19, highlighting the need to monitor changes in client work environments and financial results to effectively address fee pressures.
Fall can be a busy time of year for a public accounting firm. It’s generally a time for firms to reconnect with clients to prepare for the end of the fiscal year. However, this fall is anything but typical.
Some companies have completely changed their workspace in order to keep employees and customers safe, while others are fully remote to do the same. Additionally, financial results may look different this year — hopefully for the better, but possibly for the worse.
Below are two key areas that CPA firms should closely watch to manage audit fees in 2020.
Read the full article on Accounting Today.