The global outbreak of COVID-19 continues to grow and strike the economies causing the unprecedented crisis. As the pandemic surges in both magnitude and duration, the global financial systems have already felt a dramatic impact associated with the general economic downturn, apart from effects on results of operations, liquidity crisis, going concern issues and capital resources. These are triggering the economies towards recession and disrupted the global supply chain while decreasing consumer confidence, consumer spending levels, trade, productivity etc. Businesses with accounting professionals must prudently assess their business position and risk exposures and strategically design solutions to keep their financial reporting still afloat. Read More
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