Financial Reporting Considerations as a Result of Coronavirus

Among the many consequences of Coronavirus (COVID-19), organizations are facing financial reporting implications and challenges. Impacts such as business and production disruptions, supply-chain interruptions, negative impacts on customers, volatility in the equity and debt markets, reduced revenue and cash flows, and other economic consequences may occur.

This Special Report provides reminders about some financial reporting matters that may need to be considered in light of the pandemic.

Read AICPA’s Consequences of COVID-19: Financial Reporting Considerations