COVID-19, the global health pandemic has however affected every aspect of our existence today without exception. Accounting and financial reporting and those charged with governance now have to address the mitigation of additional financial risks as they relate to the well-being of their businesses. Discuss three (3) accounting and financial reporting risks and their implications that have been heightened by the current pandemic situation. At least 2 relevant accounting standards (IASs /IFRSs) must be incorporated in your discussion. Use APA referencing style and a minimum of three appropriate sources

Criteria
Identification of Risk
Explanation of Risk
Implication of Risk #1
Implication of Risk #2
Implication of Risk #3
Incorporation of IASs / IFRSs