COVID-19 Financial Reporting Implications

The coronavirus pandemic (COVID-19) has fast become the defining global health crisis of our time and the greatest challenge to almost all entities, either directly or indirectly. There are significant disruptions to global supply chains, suspension, or in worst cases cessation of many business operations, significant volatility and downturn in financial, commodity and energy markets, unemployment or furloughs, and as a result all industries are facing unavoidable challenges associated with the economic conditions resulting from control measures and restrictions taken by respective governments to limit the spread of the virus.

Click here to read the full report on the implications on financial reporting after 31 December 2019.

Leave a comment

 Security code