Covid-19 crisis makes 'going concern' calls more challenging
Auditors are finding it tough to offer an unqualified opinion amid uncertainties and restrictions
Singapore
THE novel coronavirus, or Covid-19, is posing challenges for auditors when judging whether a company can continue trading as a going concern for the next 12 months.
Difficulties include making judgements in uncharted waters where core assumptions have changed, restrictions on typical auditing duties and pushback from clients who want to pass their audits.
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