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SEC Chief Accountant Issues Statement on Financial Reporting During COVID-19

  • IFRS - SEC Image

Jun 23, 2020

On June 23, 2020, Mr. Sagar Teotia, Chief Accountant of the Se­cu­ri­ties Ex­change Com­mis­sion (SEC) issued a statement on the importance of high-quality financial reporting in light of the significant impacts of COVID-19.

The statement discusses recent engagement with stakeholders on the following topics:

  • The Office of the Chief Accountant’s engagement and work related to high-quality financial reporting.
  • Engagement with the FASB and the PCAOB.
  • Engagement with international standard setters and other regulators.
  • Engagement with and the vital role of audit committees.

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