The COVID-19 pandemic has created unprecedented uncertainty, and businesses across all industries have felt, or will likely feel, the related financial strains and pressures. With customers confined to their homes under mandatory orders to shelter in place, and non-essential businesses closed for the foreseeable future, many corporate executives will be pondering their company’s ability to generate sufficient cash flows to support operations.
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Maintaining compliance with debt covenants, and the related impact on a company’s ability to continue under the going concern assumption, will be of particular interest for highly leveraged businesses.
In Accounting Today, Eric Hines outlines steps that management can take now to mitigate related risks.
Eric Hines, a Partner with StoneTurn, brings over two decades of experience in forensic accounting, controls & compliance, and dispute consulting engagements. He serves as a consultant to attorneys and […]
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