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 and Mark Giese outline steps that management can take now to mitigate related risks.

Read the full article.

About the Authors

Eric Hines

Eric Hines, a Partner with StoneTurn, brings almost 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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Mark Giese

Mark Giese

Mark Giese, a Managing Director with StoneTurn, has more than 13 years of combined experience performing financial statement audits and forensic and financial consulting engagements. Mark has worked on a […]

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