Going concern and resilience: lessons learned from COVID-19
In October 2020 the Audit and Assurance Faculty held its first global, virtual, cross-faculty event, Going concern and resilience: lessons learned from COVID-19. It offered answers to some of the big audit and financial reporting questions that auditors and preparers will be considering over the coming months.
The opening keynote address was delivered by the FRC’s Mark Babington and the event concluded with a live-streamed discussion.
Going concern was the focus of much attention by auditors, preparers, regulators and users of financial statements before the pandemic, but unprecedented uncertainty has heightened the significance (and challenges) of going concern assessment, disclosure and reporting. This inspired the theme of our first global, virtual, cross-faculty event, Going concern and resilience: lessons learned from COVID-19, in October 2020.
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