Ethical and Auditing Implications Arising from Government-Backed Covid-19 Business Support Schemes

Jan 26, 2021 | Guidance & Support Tools

All available Translations: Romanian

Don't see your language? Request permission to translate

This staff publication, jointly released by the Staff of UK Financial Reporting Council (FRC) and the IESBA, highlights ethical and auditing implications arising from government-backed business support programs which have been utilized at unprecedented levels during the COVID-19 pandemic.

The guidance sets out important ethical considerations for professional accountants who are called upon to assist their employing organizations or clients in applying for and using COVID-19-related funding or financial support. The document includes guidance for those who prepare related financial information and disclosures, as well as for those who independently audit or provide assurance services regarding such information.


Copyright © 2021 The International Federation of Accountants (IFAC). All rights reserved.


Related Resources


Translations & Permissions

Looking to reproduce the standards for your members? Want to include IFAC's publications in your training materials or university course? Learn how we can help.

IP permissions and policies


Primary tabs