Covid 19impact On Financial Reporting

Download or read book Covid 19:Impact on Financial Reporting written by Santosh Maller and published by Taxmann Publications Private Limited. This book was released on 2020-06-27 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: ‘Covid 19: Impact on Financial reporting’ is a brief summary of the accounting, auditing and disclosure aspects to be considered during the period of Covid-19. Areas covered include:(a) Covid-19 brief Financial Challenges & Mitigation including Non-performance of contractual obligations, Travel and tourism industry is being hit hard and Mitigating factors. (b) Auditing Challenges & Solution including Auditor’s responsibility and Inventory physical verification.(c) Impact on Financial Reporting along with impact on Going Concern assumption. (d) Other Key Considerations.