The COVID-19 and circuit breaker in Singapore is a subsequent event for company with financial year ended 31 Dec 2019, or a mixture of event and subsequent event for company with year ended 31 Mar 2020.
The management of the company will need to assess the impact to the company in 2020. An appropriate disclosure note is recommended to the financial statements.
The auditor should make a professional judgement on the impact to his opinion.
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