Africa has not escaped the consequences of the Covid-19 pandemic. However, it remains a focus from an investment perspective and Africa is the world's largest free trade area. 2021 is expected to see a rebound, combined with many countries seizing the opportunity associated with the crisis to move faster on reforms and investments that will be crucial for longer term development.
In this webinar, we explore the key trends that have emerged globally in the accounting and auditors liability space, with a specific focus on Africa, the Middle East and the UK.
In 2021, we foresee the continuation of increased regulatory oversight, the accelerated shift towards large substantive claims on a more frequent basis, enforcement of joint audits to mitigate risk, as well as an increase in the use of disclaimers. Coupled with the impact of a recession in a post-COVID-19 world, these trends create a more complex operating environment and potential for increased liability exposure for auditors and accountants.