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This article outlines the common challenges the insurance industry faces.
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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