Factors to consider when doing a going concern assessment and the implications for financial reporting.

The COVID-19 pandemic has raised many questions about the viability of existing business models. Boards will in many cases need to revisit risk assessments and going concern assessments developed prior to the pandemic. Reverse stress testing is one technique entities can use to identify gaps in their risk management and vulnerabilities in their business models.

A checklist of factors to consider when preparing micro-entity accounts.

A 20-minute webcast exploring the financial reporting implications of COVID-19 for micro-entities.

Aimed at UK GAAP reporters, this webcast outlines accounting considerations for a range of support schemes being made available to businesses during the pandemic.

ICAEW’s Audit and Assurance Faculty shares a recording of its recent webcast looking at the challenges in accounting for and auditing revenue as a result of the COVID-19 pandemic.

A short guide on the impact for entities with 2019 and early 2020 year-ends preparing accounts in accordance with IFRS or the IFRS for SMEs.

A response dated 8 May 2020 to a consultation published by IASB in April 2020.

Stress testing is an important tool that is used by regulators for an increasingly wider set of firms. This webinar will help you understand the latest rules and how they work with the latest accounting standard, IFRS 9.

21 April 2020: the International Accounting Standards Board has issued guidance on the application of IFRS 16 Leases for COVID-19-related rent concessions.

Aimed at both UK GAAP and IFRS reporters, a short webcast on the factors to consider when determining whether COVID-19 is an adjusting or non-adjusting event.

The subjective nature of IFRS 9 Financial Instruments means banks are facing difficult decisions when it comes to applying the standard in a world grappling with the health and economic impacts of coronavirus.

This factsheet provides a summary of the basic principles of accounting for impairments and practical tips on application.

16 April 2020: The International Public Sector Accounting Standards Board (IPSASB) has issued a Q&A publication

14 April 2020: companies considering whether to pay a dividend during these turbulent times should take a range of factors into account, cautions ICAEW’s Head of Business Law Charles Worth.

30 March 2020: for listed companies, keeping the market up to date with information is as important as ever, notwithstanding that they have been given an extra time to publish their audited financial statements, writes ICAEW’s Katerina Joannou.

27 March 2020: Employers do not have to report gender pay gaps for 2019/20 following a government announcement that the deadlines were suspended for this reporting year

26 March 2020: Companies House has advised that companies who are unable to meet their filing deadline due to COVID-19 will be granted an automatic and immediate three-month extension. However, companies must apply and applications must be submitted before the company’s filing deadline. Changing the year-end accounting date may also be an appropriate course of action for some companies in light of the current public health situation.

25 March: Firms struggling to file their accounts due the coronavirus pandemic are to be granted a ‘fast-tracked’ three-month extension with Companies House.