COVID-19 Going Concern: Management and Auditor Responsibilities

April 16, 2020

Published: The CAQ

The COVID-19 pandemic and the related market conditions create many new uncertainties for auditors, audit committees, investors and management of public companies. As SEC Chair Jay Clayton recently recognized, the continuing operation of the US capital markets is an essential component of our national response to, and recovery from, COVID-19. Under US GAAP, financial statements are generally prepared under the assumption that a company will continue as a going concern for a reasonable period of time.This resource is intended to provide a high-level overview of management’s accounting requirements under US GAAP and a public company auditor’s requirements under PCAOB auditing standards related to going concern.

This resource is intended as general information and should not be relied upon as being definitive or all-inclusive, or a substitute for PCAOB and SEC rules, FASB accounting requirements, standards, guidance, or other resources.

LINK DE DESCARGA: http://aechile.cl/wp-content/uploads/2020/04/CAQ-Going-Concern-Management-and-Auditor-Responsibilities.pdf

AEChile
AEChile
ADMINISTRATOR
PROFILE

Otras Publicaciones

Columnistas

Últimas Publicaciones