The Australian Accounting Standards Board (AASB) and the Auditing and Assurance Standards Board (AUASB) issue guidance to financial statement preparers, management, directors, and auditors during events such as COVID-19.

Our fact sheet provides easy-to-understand advice on impacted financial reporting areas including: cash flow management and going concern; recoverability of receivables; valuations; fair value of financial assets and liabilities; rent concessions; increased disclosures; contingent liabilities and guarantees; and events after the reporting date.