Main Article Content
Abstract
The appearance of the Coronavirus affected the global economy. Its effects vary according to the nature of the companies and may reach some sectors to the declaration of bankruptcy. As those interested in this field began to develop solutions to reduce its economic effects and find remedies for events after preparing the financial statements, this is what the international standard (10) treats it. From here, the research problem came: Are the financial statements modified or are changes only disclosed? Furthermore, the research aims to find treatments for the events after preparing the financial statements. We concluded that the virus's effects on the financial statements must be disclosed, such as declining assets, declining stock prices and stopping production, and ensuring the appropriateness of continuity assumption.
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