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Sir, is that onerous?

Reading Time: 3 minutes Reading Time: 3 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 as an...

Dealing with a Covid-19 Going Concern Dilemma IV

Reading Time: 2 minutes Reading Time: 2 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 importance...

Dealing with a Covid-19 Going Concern Dilemma III

Reading Time: 3 minutes Reading Time: 3 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, the factors...

Dealing with a Covid-19 Going Concern Dilemma II

Reading Time: 2 minutes Reading Time: 2 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 assessing...