Published: June 2020
Type: Advice and insights

The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) issue guidance to financial statement preparers, management, directors, and auditors during events such as COVID-19.

Our fact sheet provides easy-to-understand advice on impacted financial reporting areas including: cash flow management and going concern; recoverability of receivables; valuations; fair value of financial assets and liabilities; rent concessions; increased disclosures; contingent liabilities and guarantees; and events after the reporting date.