Slide 2

5 key going concern considerations for 2021 reporting

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:

  1. Identify what is known and knowable
  2. Consider a range of mitigation plans
  3. Evaluate internal controls
  4. Communicate with key stakeholders early and often
  5. Update going concern disclosures


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