Sri Lanka, July 13 -- The International Integrated Reporting Council (IIRC) in collaboration with the Institute of Certified Management Accountants (CMA) of Sri Lanka held a focus group on the proposed global changes to the Integrated Reporting Framework. The event was held on July 8 with Chairman of the IIRC Mervyn Mau E. King delivering the keynote address.

King noted the impact of the Coronavirus epidemic on the health of corporate balance sheets. King said "the business model has to look at the next 18 months. We are going to be in survival mode. The economy has been impacted by the regulations to stem the spread of the coronavirus. Some economies were already on their knees before the Coronavirus arrived. Companies are swimming in a...