As the new coronavirus (COVID-19) is spreading across the globe, companies need to consider making certain operational decisions. There is also the question about accounting and specifically whether there are implications of the coronavirus when preparing financial statements and interim reporting under IFRS.
According to the OECD, the challenges presented by the coronavirus may affect most companies. Accordingly, companies need to consider their own particular facts and circumstances.
Read a March 2020 report prepared by the KPMG member firm in Switzerland
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