In this period of pandemic, the financial statements of companies are shaken by a real storm. However, in analyzing the balance sheet and profit and loss account, are boards and audit committees focusing on everything that really counts?
The arrival and subsequent impact of the current coronavirus crisis has taken many organizations and states unawares. This phenomenon can be best explained as the appearance of a metaphorical “black swan”. The theory goes that human beings will assume that, because all the swans they have seen in their life are white, all swans must be white …