The educational material is published to support consistent application of IFRS Standards and does not change, or add to, existing requirements.

Companies preparing financial statements using IFRS Standards are required to assess their ability to continue as a going concern. In the current stressed economic environment arising from the covid-19 pandemic, deciding whether the financial statements should be prepared on a going concern basis may involve a greater degree of judgment than usual. To support companies, the educational material brings together the requirements in IFRS Standards relevant for going concern assessments.

The Foundation has committed to supporting stakeholders during the pandemic; further educational materials published by the IFRS Foundation in relation to the covid-19 pandemic can also be accessed under the ‘Supporting application’ section of this page.

Access the Going concern—a focus on disclosure educational material.

© 2019 Parker Russell International Ltd. All rights reserved. The Parker Russell network is not one international partnership and Parker Russell member firms are not otherwise legal partners with each other. Many of the member firms have legally registered names which contain “Parker Russell”, however there is no ownership by PRIL. A member firm cannot act as agent of PRIL or any other member firm, cannot obligate PRIL or any other member firm, and is liable only for its own acts or omissions and not those of PRIL or any other member firm. Similarly, PRIL cannot act as an agent of any member firm, cannot obligate any member firm, and is liable only for its own acts or omissions. Please see for future details.

Parker Russell International Limited is a company limited by guarantee and incorporated in England and Wales. The company registration number is 4861541. The registered office is Level 30, The Leadenhall Building, 122 Leadenhall Street, City of London, London EC3V 4AB , United Kingdom. Parker Russell International Limited is subject to English Law.

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