Featuring an introduction from ASIC Chair James Shipton, the guideis a valuable resource for directors of all entities, large or small, listed or unlisted, for-profit, not-for-profit and government, as they approach reporting season.

Guidance for directors

The guide will assist directors who are:

  • assessing the impacts of COVID-19 on their entity
  • oversighting good practice in the preparation of their annual report
  • considering what to disclose around COVID-19 in the directors’ report and/or operating and financial review
  • examining questions around liability, risk and forward-looking statements in disclosures
  • assessing going concern and solvency
  • COVID-19 related considerations impacting financial statements
  • engaging with auditors over the reports.

    • It provides key questions and tips for directors dealing with management and auditors around the financial statements and uses case studies to illustrate key points around disclosures in financial reports.

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    Free webinar

    The AICD has a webinar on this topic with an expert panel (held on 23 July 2020), complimentary for AICD members. A recording can be accessed at the link below.

    The AICD, CA ANZ and CPA Australia wish to acknowledge the following firms who assisted with the preparation of this Guide: Corrs Chambers Westgarth, Herbert Smith Freehills, Gilbert + Tobin, KPMG and Deloitte.