XRB COVID-19 Alerts
XRB Alert 2
What is the impact on going-concern disclosures in response to COVID-19?
Going concern uncertainty is a reality for many companies, so good disclosure is an opportunity to communicate that reality in a clear and transparent way.
Here we provide an overview of Directors’ responsibilities for the adequacy of going-concern related disclosures provided in a company’s financial statements. It includes commentary on both the requirements in the accounting standards and auditor expectations.
XRB Alert 1
What can you expect from auditor reports in response to COVID-19?
Here we explain the communication tools auditors use in auditor reports and the likely impact of COVID-19 on auditor reporting, including