IOSCO releases statement on Covid-19 issues

On 24 March 2021, IOSCO published a press release on going concern issues in the context of the Covid-19 pandemic.

Keywords: Mazars, Thailand, IFRS, IOSCO, IASB, Covid-19

24 May 2021

The statement reiterates some of the points made by the IASB in its educational material entitled “Going concern – a focus on disclosure”.

IOSCO emphasises the importance of providing high-quality information on the entity’s assessment of its ability to continue as a going concern, and on any material uncertainties that could affect this.

Source: Press release available here.

Want to know more?