IAASA recently published its annual Observations paper highlighting some significant topics that those charged with governance should consider when preparing their financial statements for 2020.
IAASA’s paper highlights some key areas that warrant close scrutiny by those preparing, approving and auditing 2020 financial statements in the upcoming reporting season including:
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the pervasive impact of the COVID-19 pandemic on the recognition, measurement, presentation and disclosure of income, expenses, assets and liabilities in companies’ financial statements; and
To download the paper and read more please click here.