By John Drum and Melissa Rutzen, includes “Even in the best of times, accounting and financial reporting — which are often erroneously thought of as objective, straightforward exercises in number crunching — involve a considerable amount of subjectivity and judgment. … The economic fallout from the coronavirus pandemic seems likely only to heighten the subjectivity, complexity and risk associated with such judgments while simultaneously creating more challenges for oversight.”
Read the full article on: Law.com