Oil Man Jim Company Oil & Gas Podcast & Blog, 25th March 2020
March 25, 2020
I said on Sunday that a lockdown was a virtual certainty, but the stock market would stay open and both were confirmed on Monday evening by the Government and the FCA.
So now we have millions of people at home with not much to do and the allure of the speculative markets on their computer screen.
The FCA moratorium announced at the weekend regarding the publication of results is interesting. Essentially, the Coronavirus crisis could result in many companies ceasing to be “going concerns” and extra time is needed for auditors to assess matters fully.