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The Auditing work after the Pandemic Era

The Auditing work after the Pandemic Era

Keeping the financial record for a business with high accuracy is one of the auditing teams’ foremost works. They are actual fact-checkers or information verifiers of the firms. However, with the emergence of the Covid-19 crisis, things have changed as well as the work too. All sectors, including financial and non-financial, are battling for their survival. Thousands of workers are losing their jobs amid the financial crisis.

Although the Pandemic Era has taught us an important lesson about the imperativeness of technology. Today, all sectors have been marching towards online platforms rather than being stick to physical work.

Andrew Marks, the Audit director at William Buck in Melbourne, says, “the technology was there before, but the Covid-19 era has taught the significance as well as the necessity of technology.”

Today, we are connecting and doing our auditing work from remote areas too. It means, earlier, we weren’t sure, but now we are doing our all conversation and auditing works through video conferencing applications like Zoom or Google.

Covid-19 Impact on Auditing work

The auditors are often termed as the capital market protectors. From elite street investors to banks, the finance people build their trust and make future decisions based on the accuracy of auditors. And today, amid the most significant financial crisis, the role of Auditors is going to be huge for the big firms and finance people. So, let’s find out how Covid-19 has impacted the Auditing work-

Home-office Concept

The Pandemic has brought some technological pieces of evidence that we can run the economy through online mediums too. However, auditing work requires accuracy, and we need to attain some professional standards also. With proper technology infrastructure, the home-office concept of auditing is currently functioning. And we can say this functioning will be going to last long.   


Amid the Pandemic, online work has become a vital part of our lives. But at the same time, the online data leak and cybercrimes are becoming significant concerns.

While speaking on the interests of cybersecurity and necessity of online work, Mark Hucklesby, a national technical director, Grant Thornton, New Zealand, said, “we need have to have encrypted services while sharing or working on client’s data. The cloud software is equally important for preserving the standards and privacy of the client’s information.

Obstacles in Auditing

Mainly the external auditing is now majorly depending on the clients. It means they depend on the clients to get the right information and documents upload. For example, the Australian National Audit office reached its clients for proper access to information and timely uploading.


The current Pandemic Covid-19 has brought some unprecedented challenges, which almost caused the unbearable repercussions like life threat and economic crisis among the people. Both problems are causing enough pain to society. So, it is up to you now, whether you want to strive and work hard for life or accept the fate.

And adopting technological change is also one of the ways through which we can revive our economic conditions. So, these were a glimpse of auditing work that will be adopted by most firms in the future.

The High Demand of Accountancy in Covid-19

During the Covid-19 Pandemic, many youngsters and IT sector employees are suffering from a great job crisis. The deteriorating conditions are forcing the workers to handle the work from home through online connectivity or leaving the job due to the less demand for work. Indeed, the year 2020 has brought some terrible situations, especially for the private sector employees.

What study and researches are saying? 

A job survey has been done by the leading recruitment firm/organisation ‘Hays’ that says almost one in five workers are losing their jobs or facing trouble regarding their employment. But the profile of Accountancy is still in high demand.

According to the recent survey of Hays, the financial aspects like budgeting, data analytics, and accounting are quite high demand. These three jobs profiles are the most-trendy among the hiring agencies.

What do experts say? 

“We are currently observing slightly more hiring in some specific area. The hiring agencies are currently focusing on Accountancy. That is why we are noticing a slight upward in a graph of jobs”, Nick Deligiannis, the managing director of Hays (Australia and New Zealand).

He said, “The current situation and the Pandemic have changed everything. Every sector has been affected badly due to the current crisis. Most of the companies are now going towards the rebuilding phase and showing interest in the Accountancy profile for economic growth and management”.

“Approx. Forty percent of the firms are showing the cue to invest or fill the accountancy profile for 6 to 10 months to cover up the losses or manage the ratio of loss and success through smart strategies”, he added.

What skills are required now?

Undoubtedly, the Covid-19 has brought the entire private and government sector on the online platform overnight. Today, most meetings, assignment distribution, work submission, and conferences are happening online.

Zoom and Google-related online video conferencing applications are getting immense popularity and importance. And firms have fully recognised the necessity of digital literacy. That is why they now prefer the profiles which are well aware of the online world and digital process.

Now, let’s check out some areas in which Accountancy is now getting the immense popularity-

  • Taxation

The Accountant of a firm is responsible for planning taxation liabilities. During this tough time, companies are trying to rebuild and manage their economic structure and tax management areas where companies try to save a healthy amount.

  • Budgeting

It is quite apparent that this year commercial giants will try to make their plans that can benefits firms, and they are going to do some genuine strategy work that will manage their expenses and cost ratio. Accountants and management employees are mainly responsible for figuring out some great plans that can benefit the firms.


These are the prominent reasons that suggest to us why we are observing the high surge in Accountancy jobs. If you are also planning to make a career in Accountancy or have some excellent Accountancy skills, then upcoming years will be great for you.

Direct to video: ‘the new normal’ for job interviews


The novelty of the job interview via video doesn’t mean you shouldn’t be any less scrupulous in your preparation. Here’s how to get it right – and get the job.

Despite the economic slowdown driven by the COVID-19 crisis, hiring is still taking place, although social distancing rules and remote working requirements mean that job interviews are increasingly being done through computer screens rather than face-to-face.

“The technology for virtual interviews has been around for some time but prior to the COVID-19 crisis it was not used often, maybe 5 per cent of the time,” says Matthew Gribble CPA, regional managing director of recruiting firm Michael Page ANZ.

“That has changed radically. They are now the new normal and happen in 99 per cent of cases. And we expect that even after the crisis has passed many organisations will embrace the efficiency gains from using them, especially in the early stages of the assessment process.

“So, knowing how to handle a virtual interview is a skill that anyone looking to move up or move on will need.”

In many ways a virtual interview should be treated like a face-to-face interview: taken seriously, with research and preparation.

There are numerous platforms used for virtual interviews, and Gribble nominates Skype, Zoom, Microsoft Teams and Google Hangouts as the most popular. They are fairly easy to install and use but checking software compatibility and internet speed with the interviewer are important steps. There are useful tutorials on YouTube and most of the platforms provide guidance.

For first-timers a rehearsal with a friend in a remote location makes sense. This not only helps to identify any technical issues but can go a long way to ameliorate nervousness.

The overall goal is to be relaxed enough about the technology so you can focus on the substance of the interview itself.

Setting up the home environment for video interviews

If the interview is conducted from home, the interviewee should ensure that there is a quiet, controlled, indoor space, preferably backed by a blank wall.

Pay attention to lighting. Aim to have natural light behind your computer, or bounce lamp light off a nearby wall so your facial expressions can be clearly seen, as they would in a face-to-face conversation. Avoid having your back to a light or bright window.

There should be no interruptions from other adults, children, pets or neighbours. When speaking, look at the webcam on the computer and not the images of the interviewers. It is better to use a computer than a mobile phone but if a phone is the only option then it should be in a fixed position. A hand-held selfie-style image does not say competence and professionalism.

Attire should be the same as you would wear to a face-to-face interview, although it should be noted that stripes, bright colours and complex patterns do not work well on a screen.

Most platforms have an option that allows the interviewee to see themselves as they appear to the interviewers, and this should be checked before the interview.

Any supporting documents should be provided to the interviewers prior to the interview. Having a hard copy on hand can be useful. You do not want to have to exit the video platform to check documents that you have only in digital form.

A virtual interview provides fewer visual clues than a face-to-face interview so an interviewee should demonstrate their engagement with some extra nods and signs of agreement. A common problem with video platforms is that there is often a lag of a few seconds, and the interviewee should time their responses accordingly. The degree of lag can be established with a rehearsal and is not difficult to address once you are aware of it.

Paper for taking notes and a glass of water should also be on hand. Don’t forget to ensure that the connection is terminated before you relax at the end of the interview.

Interviewer obligations for video interviews

For interviewers, preparation is also essential to get the best out of the process. Most platforms allow for several interviewers to be involved on a split-screen basis. Familiarity with the technology is as important for interviewers as it is for interviewees.

Interviewers should realise that virtual interviews, like face-to-face interviews, are a two-way street, and that they and their company are being assessed as well as the interviewee.

“The chief issues typically come with coordinating the questions,” Gribble notes.

“A good briefing is important so that all interviewers are clear on the background of the candidate and their progress through the process so far, as well as the run of play and the questions to be asked.”

Prior to the interview, the interviewee should be informed about the length of the interview, the participants, and the general subjects for discussion. It might be also necessary to check any differences in time zones.

For both sides, virtual interviews are not difficult, but the special characteristics should be understood. Interviewees should realise that just because they are in their home environment does not mean they can be overly casual. Likewise, interviewers should acknowledge that they have obligations to ensure that the process is organised appropriately.

5 tips for virtual interviews

  1. Ensure software compatibility and internet speed
  2. A rehearsal allows for problems to be identified and addressed
  3. Find a controlled space free of distractions
  4. Use a fixed camera and not “selfie-style”
  5. In panel-style interviews, interviewers should ensure their co-ordination

How to upskill when you’re self-isolating


The ongoing COVID-19 outbreak has seen rapid and significant change sweep across the world of work, with organizations activating business continuity plans and transitioning their employees to remote working.

For a large proportion of us, then, our day-to-day working lives now look very different to just a few weeks ago. Added to this is the requirement to help your department or organization adapt to continue to serve its customers. You may, for example, have been pulled onto a taskforce or you might even be supporting other teams with responsibilities that are, strictly speaking, outside your normal remit. All of this is to be expected. After all, it’s at times like these that we all need to join together – remotely – to support our organization and each other in whatever way we can.

At the same time, many people have found themselves with more time on their hands and are wondering how they can spend this time productively.

Your own learning and development doesn’t need to take a pause

So, whether you have been asked to assist with work outside your usual remit or find yourself with more time to fill, upskilling makes sense as a strategy that will help you boost your sense of purpose, wellbeing, and self-esteem while learning valuable new skills to add to your CV.

It’s also well worth remembering that once this crisis is over, it’ll be those people who have taken steps to boost their skills who will come out the other side in the best position.

10 ways to boost your skills remotely

Naturally, upskilling when working remotely or self-isolating needs to be conducted digitally. Thankfully, there are many tools and platforms out there for you to choose from.

Here’s our advice on how to upskill remotely:

  1. Access any training and development resources that your employer offers. Your employer may have always given you the opportunity to take on certain forms of training, whether internally or through an external provider, but you may not have had the time to make the most of it. Employees who regularly undertake training and development are frequently higher-performing, more productive, more innovative, and more satisfied. They are also likely to stay with an organization for longer. Training therefore really is a ‘win-win’ for both employer and employee, with benefits lasting long beyond self-isolation. So, schedule some time in your calendar to access any resources that your employer has made available to you online.
  2. Read the top business books. Reading or listening to business books allows you to upskill from any location. The global research and advisory firm Gartner, for instance, provided this rundown of books that could enable you to become a better leader and more effective in the business in 2020. Harvard Business Review also recently opened up free access to its resources for working through coronavirus, which will help you both work and lead through this time.
  3. Listen to podcasts. Not only can you find podcasts on any topic, but they’re also almost always free. What’s more, they’re great to have on in the background while you’re at home. PlayerFM enables you to pick from podcasts on such subjects as software engineering, investing, and entrepreneurship. Meanwhile, Feedspot has come up with a list of career podcasts for 2020, of relevance to sectors including – but not limited to – nursing, aviation, and IT.
  4. Attend virtual events, conferences, and webinars. Switching previously physical, ‘real world’ events to the virtual sphere isn’t just a short-term means by which organizations and their people can continue to engage with each other and their customers. After all, even before the coronavirus outbreak, corporate videoconferencing platforms like Zoom were gaining traction. Others are now joining the fray, such as Hopin, which supports as many as 100,000 simultaneous participants. So, attending virtual events, conferences, and webinars could help you to adjust to a way of learning, networking, and collaborating that is likely to become a ‘new normal’ well beyond COVID-19.
  5. Keep in touch with your mentor virtually. As we have previously explained, a good mentor can change your career for the better, but you need to carefully nurture the relationship. That advice applies equally well at this time when you probably won’t be seeing them in person. Whether you’re keeping in touch with your mentor via video conferencing software or instead perhaps phone or email, the broad principles are the same. Show respect and gratitude to your mentor and discuss how their previous advice helped you, as well as what the two of you could focus on next to keep your development moving forward.
  6. Take an online course on a topic relevant to you. Udemy, for example, offers some 100,000 online courses covering such areas as business, design, marketing, IT, photography, and personal development, hosted by top instructors from around the world. LinkedIn Learning provides a similar service, with a one-month free trial. Or why not master Google Analytics with Google’s Analytics Academy? Intelligent data collection and analysis are likely to become more and more important for business success in the years ahead, so now could be a great time to find out more about the search engine’s measurement tools. You might also be tempted to brush up on your writing with The Open University’s free learning arm, OpenLearn. With other great sources of online courses including the likes of Codecademy for coding and Duolingo for learning a language, you’ve got no shortage of options for honing your skills at little or no expense while self-isolating.
  7. Try brain training apps. The fact is that we are all human, and therefore probably all prone to stress and anxiety at this time. Even if you aren’t necessarily reading all of the latest news updates or worrying about worst-case scenarios, you might be feeling under heightened pressure at work to do more in less time. Everyone is unique and is reacting to the situation differently. So, a brain training app that is specifically designed to help you control harmful emotions while improving brain sharpness and memory, such as ReliefLinkHappify or Lumosity, could be worth trying right now.
  8. Learn to use and master new technology. In much the same way as creativity is required even in non-creative jobs, even those in ‘non-tech’ roles still need some level of tech proficiency in today’s highly digital, interconnected world. It’s likely that this situation has already forced you to get to grips with remote working tools and technology that you may have never or rarely used before. So, why not use your time now to learn about the video conferencing, collaboration, and other platforms that you might not have been very familiar with, pre-coronavirus? With tech moving at a helter-skelter pace, it can be so easy to end up being left behind, so it’s worth acquiring skills now that will be indispensable for months and years to come.
  9. Learn how to work from home productively. There can be both good and bad things about working from home. You won’t be distracted by colleagues dropping by your desk to try to engage you in conversation. But on the other hand, they might pop up with demands on Skype, and with no one literally watching over your shoulder, you could easily find yourself wasting time browsing social media. Thankfully, some simple steps greatly help you to work more productively from home. Those include starting work early, structuring your day as if you are in the office, having a dedicated workspace that is separate from where you go to relax, and generally acting as if you are in the office. Use this time to learn what works for you when it comes to working from home as productively as possible.
  10. Get into the routine of upskilling when you’re in self-isolation. It’s important to establish a sense of routine when you’re self-isolating. So, you should try to incorporate your own learning and development as part of that routine. Try to put aside 30 minutes a day to help you self-improve in some way.

While this is a challenging time for all of us, we can use our time wisely and productively to upskill. This, in turn, will place you in the best possible position to advance your career in a post-COVID-19 world.

Lying on your resume could be a crime

SourceYahoo News

Embellishing facts on a resumé is rife in Australia, but few job applicants know they could be arrested for it.

The Independent Commission Against Corruption (ICAC) has conservatively estimated that 25 per cent of job seekers have inaccuracies on their curriculum vitae.

UNSW criminal law professor Alex Steel says that, depending on the nature of the inaccuracy, the lie could be considered a crime.

“There are crimes of fraud and forgery, and sometimes inaccuracies in a CV or reference could amount to either,” he said.

“Additionally, the inaccuracies might mean the tort of deceit has occurred and leave the person liable for damages. It might also be a breach of a term of an employment contract and lead to termination of employment.”

As well as losing their jobs, resumé liars could face court and possibly career-ending media coverage, and the prospect of a ban by professional bodies.

“You are entitled to cast your personality and experience in the best possible light, but the main rule is that the underlying claim can’t be untrue,” Steel said.

“If there is something that an employer needs to know or has a right to know, you shouldn’t omit it either.”

There have been several examples in Australia of people who’ve faced criminal charges after embellishing their resumés:

Myer executive who lied his way to a $400,000 job

Department store Myer sacked its general manager for strategic and business development after discovering he lied on his resumé.

Andrew Flanagan, a court heard, had claimed he had worked in jobs with salaries of $180,000, $140,000 and $350,000 before landing the $400,000 package with Myer.

He engaged acquaintances to be fake referees, who also lied to confirm his fake job history.

Flanagan was found out on the first day of his work after Myer publicly announced his appointment and an old “employer” contacted the retailer to deny that he had worked for them.

He walked out of the office at 3pm that day to supposedly retrieve documents that would prove his past employment, but never returned.

“Your engagement of dishonest friends to falsely vouch for you lifts the level of sophistication in your frauds and thus the gravity of your crimes to a far more serious level,” said Judge Gerard Mullaly.

“That you got away with hoodwinking such senior people in business, who I take are not gullible people, also reveals your concerted efforts to deceive.”

Flanagan was sentenced to a three-year corrections order, which involved 400 hours of community service as well as alcohol and mental health treatment.

Woman jailed for having herself as referee

Veronica Theriault, who was appointed as the head of IT in South Australia’s department of premier and cabinet, was arrested in 2017 after lies were discovered in her CV.

She was sacked from her $270,000-a-year gig for writing a false 20-year work history as a tech executive and claiming fake university degrees.

Theriault also invented a fictional person, ‘Ms Best’, to act as her own referee.

A judge this month sentenced the Western Australian woman to 25 months in jail, with a minimum of 12 months to be served.

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