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Viewpoints on the news during March 2020

Opinions and news analysis, covering the worlds of business and accountancy.

FRC issues COVID-19 guidance

30 March 2020: the Financial Reporting Council has published guidance for companies preparing financial statements and a bulletin for auditors covering factors to be taken into account when carrying out audits during the current COVID-19 crisis.

Coronavirus: keep the information flowing to markets

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.

IFS: deficit to triple as budget contingency increases

30 March 2020: the Institute for Fiscal Studies (IFS) has suggested that the budgeted fiscal deficit for the financial year starting 1 April 2020 of £55bn could more than triple to £177bn due to the coronavirus pandemic.

Coronavirus: Chancellor unveils self-employed support scheme

26 March 2020: The Chancellor has announced a significant support package for self-employed people affected by the coronavirus outbreak but warned the complexity of building a new system could mean the first payments could be made in June.

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