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According to ISA 520, analytical procedure means the evaluation of financial information through the analysis of plausible relationships among both financial and non-financial data. It includes the investigation of identified fluctuations, or relationships that are inconsistent with other relevant information, or that differ from expected values by significant amount. Corona virus or the COVID19 pandemic has affected most, if not all, of the business industries not only in Oman but all over the world. This is due to the imposed lockdown of areas affected by the pandemic to not spread the disease and worsen the situation. One of the industries that are considered affected by this pandemic is the Online Business/ Food Delivery Sector. Based on the news, many businesses are opting to provide online shopping and delivery services since customers dont want to get out of their houses. Also, because employees are getting sick or afraid to contract the virus, only few are able to report to work. Assume that you are a member of an audit team assigned to analyze the effects of the

corona virus (COVID19) pandemic on businesses. Answer the following questions related to this business sector: Online Food Delivery (example Talabat) / Online Shopping (example Amazon).

Required: Answer the following question on analytical procedures:

1. In your opinion, will this business sector be favorably or unfavorably affected by the COVID19 pandemic? Explain your answer focusing on the financial impact.

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