The year 2020 has been a unique and dynamic one for most businesses across the globe. Many businesses have responded to the global pandemic by making significant changes to their business operations, financial systems, governance structures etc. These changes have financial reporting implications that must now be carefully reflected in the 2020 financial reports.
As the 2020 financial reporting year-end draws closer for December 31 reporters, there are several considerations companies should be aware of for a successful reporting. We highlight some key considerations for year-end preparations in this article.