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Covid 19 - Expected Credit Loss

field500
11 months ago
Hi
A quick query on closedown - has anyone considered any basis for Expected Credit Losses as a result of Covid-19?
We are currently working to the original closedown timetable, and are trying to get a SOA ready for 31 May.  Clearly the implications of Covid are still not fully known. 
Many thanks
Parents
  • 10 months ago

    Our London borough did. We noted it in our working papers around bad debt provision etc, thought about how significant the potential recession could be, and then left it to the relevant finance staff to decide how it would impact receivables in their area.

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  • 10 months ago

    Our London borough did. We noted it in our working papers around bad debt provision etc, thought about how significant the potential recession could be, and then left it to the relevant finance staff to decide how it would impact receivables in their area.

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