Center for Plain English Accounting, the AICPA’s National A&A Resource Center. Special Report March 18, 2020
Consequences of COVID-19 - Financial Reporting Considerations
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Consequences of COVID-19 - Financial Reporting Considerations
Bob Durak Director — Audit & Accounting — Technical Services — Public AccountingMike Austin Thomas Groskopf CPA, CVA, MBA10 months ago · 14 min read
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The coronavirus pandemic (COVID-19) is above all a global human tragedy. The spread of the pandemic also is having serious economic implications. Numerous sectors of the economy are suffering damage and the long-term economic and business consequences remain unknown. Among the many consequences of COVID-19, entities may face financial reporting implications and challenges. Impacts such as business and production disruptions, supply-chain interruptions, negative impacts