📖 The Scoop
‘Covid 19: Impact on Financial reporting’ is a brief summary of the accounting, auditing and disclosure aspects to be considered during the period of Covid-19. Areas covered include:
(a) Covid-19 brief Financial Challenges & Mitigation including Non-performance of contractual obligations, Travel and tourism industry is being hit hard and Mitigating factors.
(b) Auditing Challenges & Solution including Auditor’s responsibility and Inventory physical verification.
(c) Impact on Financial Reporting along with impact on Going Concern assumption.
(d) Other Key Considerations.
Genre: Law / Taxation (fancy, right?)
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