CATEGORIES
- (2)Account / Profile
- (498)Accounting
- (6)Audit
- (97)Auditing and Assurance
- (1)Business
- (3)Business Rescue & Business Valuations
- (31)CIPC
- (6)Compliance
- (4)Ethics and Professionalism
- (18)Financial Reporting
- (3)Guides
- (2)Law
- (35)Legal and Regulatory
- (2)Management
- (12)Money Laundering
- (1)Personal & Professional Development
- (1)Practice Management
- (1)Professional Ethics
- (1)Public Sector
- (22)Regulatory Compliance and Legislation
- (9)Sustainability Reporting
- (19)Tax
- (1)Tax Update
- (1)Technology
- Show All
5 key going concern considerations for 2021 reporting
- 31 March 2021
- Financial Reporting
- South African Accounting Academy
As many chief financial officers and accounting executives are preparing for first-quarter 2021 reporting, they find the business disruptions and uncertainties from the COVID-19 pandemic and its economic impacts are still with them and continue to pose reporting challenges.
Here are some key going concern considerations to be thinking about now and over the next 12 months:
- Identify what is known and knowable
- Consider a range of mitigation plans
- Evaluate internal controls
- Communicate with key stakeholders early and often
- Update going concern disclosures
Article:
Get all your CPD online. SA Accounting Academy (SAAA) offers Subscription Plans, Live Webinars, Webinars On-Demand, Access to Experts, Courses, Articles and more: https://cpd.accountingacademy.co.za.
0 COMMENTS
There are not comments for this article at the moment, check back later.
LEAVE A COMMENT
You must be logged in to add a comment, log in now.