Covid-19’s impact on financial reporting – Going concern

Assessment of going concern in light of coronavirus As promised in our earlier post, we’ll now explore Covid-19’s impacts on financial reporting – more specifically, management’s responsibility to assess its entity's ability to continue as a going concern. Assessments of whether the going concern assumption is appropriate consider events and conditio […]

Covid-19’s impact on financial reporting – Adjusting vs. non-adjusting events

Our last Covid-19 blog post kicked off our examination of the coronavirus outbreak’s financial reporting impacts. These impacts depend on varying facts and circumstances, including how exposed and vulnerable an entity’s operations and financial statement figures are to the outbreak’s effects, e.g. volatile economic conditions. Are Covid-19 events catego […]