COVID-19 Financial Statement and Accounting Implications
COVID-19’s impact has been sudden and pervasive. Cherry Bekaert would like to be Your Guide Forward and welcomes you to participate in our discussion about the accounting implications of COVID-19 and answer frequently asked questions. We will discuss COVID-19’s impact on financial reporting requirements, certain regulatory changes, and many topics such as:
- Additional disclosures that may be necessary,
- Evaluating long lived assets for impairment and measuring financial assets,
- Changes to internal control based on new COVID-19 created business environment, and
- Other accounting implications.