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TO ALL MEMBERS OF THE INSTITUTE
(TC 2/2020)
Subject: Implications of the coronavirus outbreak on financial reporting and auditors’ work tailored to Cyprus reality
On the basis of the current unprecedented situation around the globe and the spread of the coronavirus disease 2019 (COVID-19) pandemic, the Institute of Certified Public Accountants of Cyprus (ICPAC) wishes to provide guidance on its effect on the financial statements for reporting periods ending on or before 31 December 2019 and the impact on the auditors’ work thereon.
ICPAC continues to monitor developments regarding these financial reporting and auditing issues and will provide revised or additional guidance to members if necessary.
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