COVID19, SEC, Going Concern!
Go to https://www.sec.gov/edgar/searchedgar/companysearch.html to search for financial statements of companies.
Once there’ you will find some good information on how to search for companies. An easy way would be to simply click on latest filings and then specify ’10-K’ filings because those are the ones for audited financial statements.
When you are working on the COVID-19 related question, you may want to start off with specific companies (or industries) in mind and you can specifically search for those.
COVID 19 is the one thing that dominates the year 2020 in just about all areas of our lives.
The impact has been particularly significant on the economy, where business across different factors have been impacted operationally and financially.
Anything that potentially affects financial reporting is going to affect the financial statement audit.
Find, download and attach the financial statements (including notes and audit report) and highlight the relevant portions for a company that identify a company with that has been negatively affected by COVID and is potentially facing going concern issues.
These going concern issues may have been identified and disclosed by the company or by the auditors.
a) Write a paragraph summarizing the COVID-related and going concern matters.
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