Assessing potential COVID-19 impacts on financial statements: Questions and considerations under ASNPO

Published on: Aug 31, 2020

Learn about COVID-19 related questions and considerations for financial statement preparers and practitioners under Accounting Standards for Not-for-Profit Organizations (ASNPO) in Part III of the CPA Canada Handbook - Accounting.

The current global pandemic has raised various challenges for financial statement preparers and practitioners. This ASNPO alert provides questions to ask and other considerations to help you identify potential impacts on the financial statements of not-for-profit organizations.

Topics include:

  • going concern
  • subsequent events
  • impairment of assets
  • financial instruments
  • contributions
  • other considerations


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