IFRS Bulletin 2021-03 – GOING CONCERN – IFRS FOUNDATION PUBLISHES GUIDANCE ON DISCLOSURES
01. Februar 2021
The COVID-19 pandemic has resulted in a stressed economic environment on an unprecedented scale in recent history. Pervasive lockdowns and restrictions of movement have substantially affected overall economic activity. As a result, many entities are facing a significant downturn in revenue, profitability and liquidity. This may raise questions about their ability to continue as a going concern. Therefore, in the current scenario, determining the appropriateness of preparation of financial statements on a going concern basis requires a greater degree of judgement than usual.
Click on the download button below to access the full publication: