This course will enable you to
- Understand how global uncertainty affects the way we report, and the importance of considering stakeholder needs and time horizons during periods of uncertainty
- Conduct an assessment of going concern for your business and use your judgement to decide on disclosure requirements
- Treat the reporting of risk as an opportunity to showcase how your organisation is on top of the challenges that it faces
- Consider how reporting requirements of uncertainty and viability are changing and how best you can report on the longer-term risks that your company may face.
About the course
During times of global uncertainty, reporting on business performance and future prospects can be challenging. How can you assess going concern and viability for your business when the world of business and reporting requirements are changing? How will you reassure stakeholders about the risks that your organisation faces? Are your current reporting methods up to date?
This course provides insight into reporting during times of uncertainty. It assesses whether traditional reporting is still relevant and considers how reporting requirements are likely to change. You will gain insight on how to portray the future of your business through your reporting and illustrate how you will handle the risks that it is likely to face.
Look inside
Contents
- Reporting performance
- Future uncertainty
- Historical information
- Relevant information
- Times of uncertainty
- Information requirements
- Regulation for the pandemic
- Time-horizons
- Going concern
- Going concern
- The going concern concept
- Material uncertainties
- Management’s evaluation
- Meaningful disclosures
- Impact of Covid-19
- Reluctance to disclose
- The auditor's role
- The auditor’s responsibilities
- Reporting on risk
- Risk management
- Frameworks for reporting
- Risk identification
- Prioritising and responding to risk
- Risk disclosures
- Communicating effectively
- Viability and the future of reporting on uncertainty
- Viability versus going concern
- Viability
- Management assessment of viability
- Impact of the pandemic
- Looking ahead
- What is the future?
How it works
Reviews
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Access to this course | ||||
Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 800+ unitshourshours | 800+ unitshourshours |
Access period | 120 days | 120 days | 12 months | 12+ months |
Audit-proof CPD completion certificate | ||||
Immediate access to our entire CPD catalogue | ||||
Exclusive news and CPD every week plus monthly webinars, all year round | ||||
Account manager on hand to support your team’s needs | ||||
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