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Financial Reporting under Covid-19

Financial Reporting under Covid-19

The impact of the coronavirus (COVID -19) is being felt by all businesses around the world. COVID-19 impacts all areas of businesses, including financial reporting and the manner in which audits are performed.

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Financial Reporting under Covid-19

The impact of the coronavirus (COVID -19) is being felt by all businesses around the world. COVID-19 impacts all areas of businesses, including financial reporting and the manner in which audits are performed.

During this challenging time, it is critical that preparers of financial statements and those charged with governance take the additional time needed to ensure that the circumstances and challenges facing the reporting entity are sufficiently considered, evaluated and disclosed in the financial statements. 

© 2020 KPMG Services (Pty) Limited, a South Africa private company and a member firm of the KPMG network of independent member firms affiliated with KPMG International, a Swiss cooperative. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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