Accountancy Europe: Coronavirus crisis: implications on reporting and auditing

20 March 2020

The economic effects of the coronavirus have an impact on accounting, reporting and auditing financial statements of the companies or groups concerned.

However, the impact on companies will differ and companies, and their auditors, have to consider how it affects their business and review them regularly. The further development, duration and impact of the coronavirus cannot be predicted. In any case, accountants and auditors should remind companies of the various national initiatives for relief to companies.

Accountancy Europe explores coronavirus’ effects on:

• accounting and reporting for companies as of 31 December 2019
• accounting and reporting for companies with year-ends in 2020
• auditing financial statements on 31 December 2019 and beyond
• practical matters for the audit of financial statements

Full article on Accountancy Europe

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