ICAEW insights, technical guidance and other practical resources on the implications of the coronavirus COVID-19 pandemic for preparers of UK GAAP financial statements.
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.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
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Technical helpsheet issued to help ICAEW and Financial Reporting Faculty members account for COVID-19 support schemes.
A checklist of factors to consider when preparing micro-entity accounts.
Factors to consider when preparing financial statements with early 2020 year ends.
Factors to consider to help determine whether events are adjusting or non-adjusting in the accounts.
As coronavirus continues to spread and more information comes to light about the nature of the virus and its impact, companies with 2019 and early 2020 year-ends need to consider how it affects their business and how the effects should be reported in the accounts.
17 March 2020: ICAEW’s Technical Advisory Service considers the requirements of standards and potential impact of coronavirus on going concern and the auditor’s report.
A short guide on the impact for companies with 2019 and early 2020 year-ends primarily aimed at those entities preparing accounts in accordance with FRS 102.
This factsheet is a summary of the basic principles of accounting for impairment with practical guidance to will help with implementation.
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.
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.
In this short webcast, ICAEW’s Financial Reporting Faculty provides an overview of the financial reporting implications of COVID-19.
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This webinar updates you on the latest developments and implementation issues in UK GAAP, including changes to reporting regulations.
Article published by Chartered Accountants Ireland highlighting the requirements around going concern from an accounting and auditing perspective. It discusses the requirements of UK and Irish GAAP, company law, management's or directors' assessment, disclosures, responsibilities of auditors, the auditor's report, regulators and company filings.