New Corona “Financial and Auditing Rules: Elastic Operation” Deputy Prime Minister Aso, April 3, 13:47
Deputy Prime Minister Aso and the Finance Minister said that the company's sales have been declining significantly due to the spread of the new coronavirus and that the outlook for the new fiscal year, which has just begun, is expected to be sluggish. He expressed his willingness to consult with related organizations on how to flexibly enforce the current rules on auditing.
At a press conference after the Cabinet meeting on March 3, Aso, Deputy Prime Minister and Finance Minister, said, "Sales of many listed companies have dropped sharply due to the effects of the new coronavirus, and it is difficult to forecast the business results. I think there is. "
In addition, Deputy Prime Minister Aso stated, "There will be work on the settlement of accounts and audits by audit firms in the future, and we will make flexible decisions, but it is important that companies and audit firms properly disclose corporate information." He expressed his intention to establish a liaison council with related organizations and discuss measures to flexibly enforce the current rules on corporate accounts and audits.
In addition, the financial institution will ask the financial institution to consider changing or suspending the provisions of the contract that requires the lender to repay the borrowed lump sum in the event that the final profit or loss of the borrower company falls into the red. I indicated the policy to request.