Autoplay
Autocomplete
Previous Lesson
Complete and Continue
(English) Impact of Covid 19 on Preparation of Financial Statements by Ng Kean Kok (Chartered Accountant)
20200325 Impact of Covid 19 on Preparation of Financial Statements - A Must-Attend for Preparers & Auditors
FULL Training Content Download
Preliminary Consideration and Disclaimer (5:47)
Background (13:06)
Examples of Consideration (10:13)
Issue 1 : Materiality of Event (7:02)
Consideration in Assessing Materiality (8:14)
Issue 2 : Access Financial Impact (14:27)
Issue 3 : Events after the Reporting Period (20:48)
Issue 4 : Going Concern (12:52)
Issue 5 : Fair Value Measurements (10:41)
Issue 6 : Expected Credit Loss Assessment (5:17)
Issue 7 : Impairment (6:50)
Other Comments on Disclosure (5:26)
For Auditors (4:14)
Auditors : How does COVID - 19 impact risk assessment and materiality and what should we do? (6:28)
QNA 1 : If I have a client with 31st March year end, and we cannot / do not attend stock date, how do we address this ? (2:09)
QNA 2 : If the director is not in Malaysia, and if he can't find the audit report, what happens? (1:58)
QNA 3 : While we are expecting losses, what if there is substantial gains due to the sudden surge in sales? (2:51)
QNA 4 : Is there an extension of time to submit audited financial statements to SSM & IRB respectively? (1:04)
QNA 5 : In gesture of goodwill, my company allows company to have sale returned after balance sheet date 31 Oct 2019. If the sale return is material (3% of yearly average sale), shall it be an adjusting event after reporting date? (4:52)
QNA 1 : If I have a client with 31st March year end, and we cannot / do not attend stock date, how do we address this ?
Lesson content locked
If you're already enrolled,
you'll need to login
.
Enroll in Course to Unlock