Privately held companies have more freedom to innovate than public companies as they are not beholden to shareholders who demand constant growth.
Lessees must ensure that they are performing the proper accounting for any rent concessions they are granted during the COVID-19 pandemic.
In the midst of the COVID-19 pandemic, auditors should accept new engagements cautiously and leverage technology to complete ongoing ones.
Accountants must carefully consider the implications of the Coronavirus as they prepare financial reporting for 2019 and beyond.
International Standards on Auditing are often difficult to apply to less complex entities. The IAASB is considering possible solutions.
This article explains why companies might (or might not) choose to go public, how they should prepare for taking such a big step, and what the alternatives might be.