Sir, is that onerous?

Tags: Auditing and consulting firms Reading Time: 4 minutes The severe restrictions imposed throughout the pandemic and the recent damage done due to various instances of looting have led to the issue of onerous contracts raised once more. These contracts are defined...

Dealing with a Covid-19 Going Concern Dilemma IV

Tags: Auditing and consulting firms Reading Time: 3 minutes Our 4-part blog series on dealing with Covid-19 business challenges in the context of the going concern basis of financial statement preparation concludes with this as part IV. In this article, we explain the...

Dealing with a Covid-19 Going Concern Dilemma III

Tags: Auditing and consulting firms Reading Time: 4 minutes In our 4-part financial auditing blog series on going concern, we are discussing the potential impact of Covid-19 within the context of going concern. Parts I and II covered an explanation of going concern,...

Dealing with a Covid-19 Going Concern Dilemma II

Tags: Auditing and consulting firms Reading Time: 3 minutes In this 4-part series, the MMS Group is covering how to deal with Covid-19 in the context of going concern. In part I, we explained the meaning of going concern and what factors Management should consider in...