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.