Retail investors and covid-19 – don’t panic until we tell you to!

OSC study explores retail investor responses to the COVID-19 pandemic, announces a recent news release. Here are some extracts: Investors have been confronted with unprecedented uncertainty during the COVID-19 pandemic. Understanding how the pandemic is affecting retail investor experiences and behaviours is key to protecting investors. The Ontario Securities Commission (OSC) today released a new study finding…

covid-19 – our outlook isn’t what it was…

There’s no shortage of available commentary on going concern implications of covid-19… …whether from preparer or auditor perspectives. In some cases, the pandemic will have exacerbated pre-existing conditions; in others, a previously sound business model and cash flow situation may have been decimated. Poor Cineplex Inc. provides a prime Canadian example of changing fortunes. Its…

covid-19 – look what it did to our income statement!

We recently looked at the issue of earnings measures adjusted for the impact of covid-19… …which don’t actually appear to be that common at present. As I noted, many regulators and similar bodies preemptively spoke up against the practice, with the UK’s Financial Reporting Council for instance saying: “(Adjusted Performance Measures) which attempt to provide…

EBITDAC – the unseen enemy?

I was thinking for some time of writing an article about the new plague of earnings measures adjusted for the impact of covid-19… …but I was held back because in Canada I wasn’t able to find any, and still can’t. I may just not be that good at searching for things. Still, it seems there…