Building Resilience

July 19, 2020

COVID-19: Shining a light on sustainability

This article first appeared in the July/August issue of CA magazine: https://www.camagazine.co.uk/july2020#!cover Society has the tools to become fully sustainable, says Dan Wells CA, partner at Foresight Group, but it won’t happen without the engagement of investors on a global scale. Think about investment as a spectrum. At one end you […]
July 14, 2020

Goodwill Valuation for Impairment Testing During Recession

For companies with business acquisitions, goodwill forms a substantial percentage of their total assets and equity. For example, as at 31 March 2020, Singtel has more than $11 billion goodwill balance on its balance sheet, constituting about 25% and 40% of its total assets and equity, respectively. Goodwill is also usually a material item discussed in audit reports under key audit matters.
July 14, 2020

Business Continuity Plans

Fires. Pandemics. Ransomware. These are just three examples of unexpected events that may hit a business at any time. No firm big or small, listed or unlisted, is immune to unexpected events; of note is the current Covid-19 pandemic that was first recorded in Wuhan, China, that has since gone on to affect the global economy.
June 26, 2020

Financial reporting in a time of crisis

26 June 2020: ICAEW CEO Michael Izza explains the importance of going concern for auditing the effects of COVID-19, and how the Institute is supporting members with new resources. This is a time when businesses face the double challenge of not only struggling – indeed surviving – from day-to-day, but […]