Business requires prolonged financial year as a result of coronavirus pandemic

Business requires prolonged financial year as a result of coronavirus pandemic

The auditors cited issues such as physical verifications of inventories, fixed assets, balance confirmations, fair-value measurements, and going-concern assessments Auditors and industry bodies have called for extending the financial year 2019-20 by three months, till the end of June, amid the coronavirus (Covid-19) pandemic. Industry representatives recently met officials of the Ministry of Corporate Affairs,…

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Ten signs the oil alternate is bent out of put collectively

Ten signs the oil alternate is bent out of put collectively

© Reuters. The sun sets behind a crude oil pump jack on a drill pad in the Permian Basin in Loving County By David Gaffen (Reuters) – The oil industry has been hit by a simultaneous demand and supply shock in March as the coronavirus pandemic cuts fuel consumption and top producer Saudi Arabia raises…

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Airline trade headed for ‘apocalypse’ without abet: Global aviation physique IATA

The IATA said its latest analysis showed that annual passenger revenues will fall by USD 252 billion if severe travel restrictions remain in place for three months.The coronavirus pandemic could spell “apocalypse” in the airline industry without urgent government aid, the global aviation association said Tuesday, warning that carriers could lose more than USD 250…

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