The uncertainty regarding the economic impact of the corona virus and government’s response to the disease has impacted all public practice firms both large and small. What many of us are wondering is whether our experience has been typical of what other firms have seen? Also, we are sure that many of you would like … Continue reading “COVID-19: Public Practice Survey”
COVID-19 Archives - Clearline Consulting
COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy
While we are all working hard to support our clients during this crisis please ensure that you are considering mitigating your risk. These are difficult times for many organizations, which means we need to be aware of personal and professional pressures that our clients face. It becomes easier to rationalize a few tweaks here and … Continue reading “COVID-19: Assisting Clients with the Canadian Emergency Wage Subsidy”
Accounting and Assurance Implications of the COVID-19 Crisis
Soon after this crisis broke out in Canada, there been a lot of talk about the accounting and assurance implications of the COVID-19. These include financial reporting considerations such as subsequent events and going concern notes, disclosure of risks from financial instrument, as well as measurement of financial and non-financial assets. The impact is not … Continue reading “Accounting and Assurance Implications of the COVID-19 Crisis”
“Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak
The rapidly escalating nature of the global COVID-19 pandemic poses a challenge unlike many of us have experienced in our lifetime. If your Firm hasn’t realized it by now, you need to assume the effects of this virus will be on your doorsteps within a matter of days (if not hours). While it is certainly … Continue reading ““Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak”