Explores financial reporting and the conceptual framework which are fundamental to every business entity.

COVID-19, the global health pandemic has however affected every aspect of our existence today without exception. Accounting and financial reporting and those charged with governance now have to address the mitigation of additional financial risks as they relate to the well-being of their businesses.

Discuss Four (4) accounting and financial reporting risks and their implications that have been heightened by the current pandemic situation. At least 2 relevant accounting standards (IASs /IFRSs) must be incorporated in your discussion. (150 words) Please type in order to copy any paste

Provide reference and Standard