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Accounting for the Impact of COVID-19: How the Coronavirus Affects Going Concern Evaluations
Posted by Chrissy Hammond on Wed, Apr 15, 2020 @ 11:09 AM

The COVID-19 pandemic has resulted in one of the most rapid changes to the current economic environment the world has ever experienced. Restrictions on travel abroad as well as stay-at-home orders from a significant number of states and local jurisdictions within the United States have been implemented to reduce the spread of the virus. These restrictions are also affecting the business operations of entities throughout the country. The significant volatility in the stock market provides a frequent visual depiction of the rapidly changing future expectations for public companies as well as their privately owned peers.

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Topics: going concern, Financial Statement, COVID19, Coronavirus, financial statement preparation

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