Covid-19 Financial Reporting Support

Covid-19 Financial Reporting Support

With the ongoing circuit breaker in India due to Coronavirus disease (COVID-19) pandemic, financial reporting processes of many companies have been disrupted. We, at MBC Corporate Services can help you meet your compliance needs while you focus on what’s most important for your business in these unprecedented times.

Our services includes:

• Preparation of financial statements (Under Ind AS or IGAAP)
• Preparation of complex accounting memos involving management estimates, accounting matters arising of COVID–19
• Preparation of audit schedules for auditors
• Coordination with auditors for completion of audit on timely basis
• Preparation of complex workings required in financial reporting for COVID-19 i.e Impairment study, valuation reports, going concern assessments, fair valuations
• Discussions with management and auditors on key accounting and auditing issue
• Diagnose Impact of COVID-19 and other key elements
• Engage with Auditors or Management on technical discussions on Impact of COVID-19 on the financial reporting
• Support in Management reportings to the group companies as per group accounting policy or International Financial
• Reporting Standards (IFRS)
• Resolve audit issues identified in previous periods
• Any other area in financial reporting where assistance is required by the Company on financial reporting or audit support