Financial reporting and audit considerations Financial reporting, accounting & audit considerations

The events and conditions as a result of COVID-19 create a level of uncertainty and risk that companies may not have encountered before, and may result in significant financial reporting implications for preparers of financial statements. To assist you, we have pulled together a resource center that focuses on the potential financial reporting and audit impacts for 2020 period ends.  This page will be updated on a regular basis.

• Overview financial reporting and audit considerations
• Navigating the pandemic through a board lens
• ESMA guidance on the COVID-19 impact on reporting ECLs
  
• COVID-19: Impairment considerations
• What is the impact of COVID-19 on interim financial statements?
• IFRS 16 Leases: Practical relief for rent concessions for lessees
• IFRS 16: Practical relief for rent concessions for lessees extended
• Guide to annual financial statements – COVID-19 supplement: what additional disclosures may companies need to provide on accounting issues arisign from the COVID-19 coronavirus pandemic?

• Corporate law aspects for shareholders, board of directors, annual accounts and reports.

• Institut des Réviseurs d’Enterprises: Impact possible de la crise COVID-19 sur les travaux d’audit
• Instituut van de Bedrijfsrevisoren: Mogelijke impact van de COVID-19-crisis op de controlewerkzaamheden
• KPMG Global: COVID-19, Financial reporting under IFRS