Reporting on an Uncertain Future

by

This course looks into how reporting can be adapted during times of uncertainty. It explores the changes to reporting requirements and how to keep business performance reporting accurate and relevant.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Reporting on an Uncertain Future

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Reporting on an Uncertain Future

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Understand how global uncertainty affects the way we report, and the importance of considering stakeholder needs and time horizons during periods of uncertainty
  • Conduct an assessment of going concern for your business and use your judgement to decide on disclosure requirements
  • Treat the reporting of risk as an opportunity to showcase how your organisation is on top of the challenges that it faces
  • Consider how reporting requirements of uncertainty and viability are changing and how best you can report on the longer-term risks that your company may face.

About the course

During times of global uncertainty, reporting on business performance and future prospects can be challenging. How can you assess going concern and viability for your business when the world of business and reporting requirements are changing? How will you reassure stakeholders about the risks that your organisation faces? Are your current reporting methods up to date?

This course provides insight into reporting during times of uncertainty. It assesses whether traditional reporting is still relevant and considers how reporting requirements are likely to change. You will gain insight on how to portray the future of your business through your reporting and illustrate how you will handle the risks that it is likely to face.

Contents

Reporting performance

Future uncertainty
Historical information
Relevant information
Times of uncertainty
Information requirements
Regulation for the pandemic
Time-horizons

Going concern

Going concern
The going concern concept
Material uncertainties
Management’s evaluation
Meaningful disclosures
Impact of Covid-19
Reluctance to disclose
The auditor’s role
The auditor’s responsibilities

Reporting on risk

Risk management
Frameworks for reporting
Risk identification
Prioritising and responding to risk
Risk disclosures
Communicating effectively

Viability and the future of reporting on uncertainty

Viability versus going concern
Viability
Management assessment of viability
Impact of the pandemic
Looking ahead
What is the future?

How it works

Author

Lisa Weaver

Lisa Weaver

After qualifying (ICAEW), Lisa spent several years in audit practice with Deloitte and was part of the national audit training faculty at KPMG. Since leaving practice, Lisa has worked in a variety of education-focused roles, including executive education and has maintained strong links with the accountancy professional bodies.