Aplicabilidad del principio contable de negocio en marcha en tiempos de COVID-19

Abstract

The emergence of the new infectious virus SARS-CoV-2 has dominated humanity, it is special to the business system, since the invisible attack is leaving economic havoc with proximity to a financial burden. For this reason, the document intends to describe the current status of the application of the going concern accounting principle in times of pandemic threat. In light of this, a literary review is proposed that supports the declaration of the accounting principle set forth according to the IFRS-IFRS standard (2018; 2015) as well as the comments and documents documented by accounting consultants such as Deloitte (2020), Price waterhouse Coopers (2020), KPMG (2020) and Ernst & Young (2020). It was found that the principle of going concern refers to an operation according to the application of financial resources, for which in times of COVID-19 this assumption must be evaluated very well and the uncertainty related to operation must be revealed in its financial statements, as has happened in the case of Avianca Holdings SA and Subsidiaries, who have disclosed in the notes to the financial statements as of March 31, 2020, the material uncertainty related to the going concern accounting principle questioned by the pandemic effects generated by COVID-19 and its direct impacts on the business operations cycle.