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COVID 19: Impact on Financial Reporting

June 27, 2020[2020] 117 taxmann.com 362 (Article)
With the world coming to a standstill, we are facing the spiral effect of Covid-19 in the form of economic uncertainty and financial strain. The magnitude of disruption caused from the outbreak has significantly impacted organizations of all sizes, across all industries. There is an unprecedented level of uncertainty about the economy, future earnings and many other inputs that have started to pose the challenges both operationally and financially.
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