This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

ASPE alert: Subsequent events and other considerations related to COVID-19

Published on: Mar 31, 2020

Should companies applying ASPE in Part II of the Handbook adjust annual financial statements issued in 2020 for the effects of COVID-19? The accounting treatment will depend on whether the financial statements cover a period that has been affected by COVID-19 or whether COVID-19 is a subsequent event.

Topics include:

  • when to disclose the effects of COVID-19 in the financial statements
  • when to adjust the financial statements for the effects of COVID-19
  • going concern matters
  • auditor considerations

Download

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.