Financial Reporting

Let's navigate the challenge together

How is the spread of COVID-19 affecting audits, reporting deadlines, impairments, and other financial statement delays? Accounting standards follow implications as of the reporting date—which can become challenging to keep track of as developments change and deadlines move.

This can become especially complicated for public companies, as those reporting requirements are quarterly and require special attention. You need to understand how this could affect the recognition and measurement of amounts—and the disclosures around them. Here’s what to focus on.

 

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Contacts

Armand Capisciolto
Armand Capisciolto
National Accounting Standards Partner
FCPA, FCA
416-369-6937
acapisciolto@bdo.ca
Nazia Lakhani
Nazia Lakhani
National Assurance Standards Partner
CPA, CA
416-369-3088
nlakhani@bdo.ca