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Article on the impact COVID-19 might have on applying IFRSs

  • IFRS - IASB Image

Oct 28, 2020

On October 28, 2020, the International Accounting Standards Board (IASB) released an article, by IASB Board member Mary Tokar and technical staff member Sid Kumar, that provides an overview of the key financial reporting considerations associated with COVID-19.

The article builds on a panel discussion at the IFRS Foundation Virtual Conference on 28 September 2020, which focused on what entities need to consider when developing assumptions in preparing financial statements in times of heightened uncertainty and what information to disclose about the assumptions used.

Review the press release and In Brief: Applying IFRS Standards in 2020 — impact of covid-19 on the IASB's website.

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