COVID-19 has caused a significant impact to businesses. Actions taken to reduce the spread of the virus have created fluctuations in demand for products and services, labour shortages and supply disruptions.
As part of a comprehensive risk management strategy, there are actions you can take to help you or your clients’ business through these challenges and build resilience for the future.
Guides for SMEs: Understanding your options
In an ever-changing economic environment, it's important to understand your options if your business is in distress. Learn how to spot the signs of insolvency in your SME and what your options are.
Guidance to assist members to determine if a client's business is facing financial distress.
Insolvency fact sheets
The outbreak of COVID-19 is continuing to have an overwhelming impact on individuals, businesses and communities. We have created these fact sheets designed to work together to help you and your clients in financial distress.
An overview of Director’s Duties and Insolvent Trading provisions in the Corporations Act 2001 and the implications this may have for our members who are advising clients in financial distress, despite the relief offered through the Coronavirus Economic Support Package.
The Australian Restructuring Insolvency and Turnaround Association (ARITA), with the support of CPA Australia and Chartered Accountants Australia and New Zealand, has released a special guide for accountants in public practice. It outlines steps you can take to help your clients with companies in financial distress.
Webinar presentation files
View the webinar presentation file for the "Dealing with clients in financial distress" webinar.