INTERNATIONAL TECHNICAL UPDATE – IFRS FOUNDATION ADVISES ON ‘GOING CONCERN’ CALLS DURING COVID-19 PANDEMIC
January 2nd, 2021
THE IFRS Foundation has released an advisory document helping accountants decide whether a business is a going concern, helping them make sounder judgements when Covid-19 is impacting revenues. The advice will help accountants decide whether a business will bounce back after the pandemic ends or go under anyway. See https://cdn.ifrs.org/-/media/feature/news/2021/going-concern-jan2021.pdf?la=en and https://www.pwc.com/us/en/library/covid-19/crisis-management.html
*The International Accounting Standards Board (IASB) has updated its IFRS Taxonomy 2020 to include ...
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