Accounting considerations related to COVID-19 — Judgements and estimates

Published on: 10 Apr, 2020

This video discusses the effect of COVID-19 on accounting judgements and estimates. There is a high degree of uncertainty about the ultimate trajectory and the path and time needed for a return to a “steady state.” Entities will need to do their best to make reasonable estimates, prepare comprehensive documentation supporting the basis for such estimates and provide robust disclosure of the significant judgements exercised, the key assumptions used and, potentially, their sensitivity to change.

This video is part of our series of webcasts on accounting considerations with regard to COVID-19.


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