An Analysis of Covid-19 Going Concern Considerations of Belgian Listed Firms

Abstract

Few years back an unpredicted pandemic hit the global economy and even made some companies go bankrupt. Due to this, a strong desire to understand how this greatly impacted Belgian companies was developed. This research analyzed the impacts Covid-19 had on the going concern of Belgian listed firms and also evaluated if there was an increase in the number of KAMs reported. To achieve this, reports of 2016 to 2023 annual reports of 80 Belgian listed firms to determine the number of KAMs reported and going concern assessments were examined. Then a logistic and multiple regression testing on the basis of 532 observations was performed. The findings highlighted the complexity involved in assessing going concern and KAMs during Covid given that these were mostly rst analyzed thewell established companies. Finally, based on our findings Covid-19 didn't lead to an increase in the number of KAMs and going concern.