How to report on material uncertainty related to going concern a guide for auditors
Posted by mostafa on 30 April, 2020
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This item was filled under Accounting
The impact of COVID-19, including the effects of government restrictions, may result in events or conditions that cast significant doubt on a reporting entity’s ability to continue as a going concern. If such events or conditions exist, it is the responsibility of management to ascertain whether or not the entity is a going concern, and, if it is considered to be a going concern, whether there is, nonetheless, a related material uncertainty.