The Financial Reporting Council (FRC) have published consolidated versions of the guidance they have issued over the last few months regarding the audit and financial reporting implications of the COVID-19 pandemic. 

The guidance for auditors includes updated guidance on possible indicators of increased risk, such as: 

• Increased pressures to meet financial targets;
• Challenges to keep the business operational;
• Management focussing on operational issues with less attention to fraud risks; and
• Reduced security over physical assets. 

The guidance for companies can be found here and the guidance for auditors here.