The COVID-19 pandemic has changed the way we live today and will affect the way we live long after it passes. It is an experience that we will never forget, its impact will be permanent, and there are many unknowns.
As we all stay home, practice social distancing, and wear face masks, businesses struggle to survive through these challenging days. Without a doubt, accountants, attorneys, bankers, financial and insurance advisors will learn first-hand the impact of COVID-19 on the economic well-being of their clients.
The purpose of this Financial Advisors Guide is to provide financial advisors insight and assistance in reviewing financial statements and compliance reports, and in conversations with your clients during and post COVID-19. The source of our guidance is CPA Canada’s release to CPAs across Canada on the disclosure required in financial statements regarding COVID-19 and the issues that will impact the performance of audit and review engagements.
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