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Collections of COVID-19 resources

08 May 2020

Global responses to the coronavirus disease 2019 (COVID-19) outbreak continue to rapidly evolve. Numerous publications and announcements of developments have sprung up around the world. Since it has become more and more difficult to follow all of them, we have put together a meta-collection of collections that we found helpful and worth browsing.

Please note that the collections do in part overlap - especially the IASB statements on IFRS 9 and IFRS 16 are included in almost all of them. Please be also aware that these collections will continue to be updated throughout the crisis. This page was last updated on 22 May 2020.

Organisation Collection link Main focus

I n t e r n a t i o n a l

International Federation of Accountants (IFAC) COVID-19 Resources from IFAC's Network global
Global Public Policy Committe (GPPC) Government/regulator response to impact of coronavirus on reporting and audit matter global, regulatory
International Auditing and Assurance Standards Board (IAASB) Guidance for Auditors During the Coronavirus Pandemic global, audit
Association of Chartered Certified Accountants (ACCA) Coronavirus – Information and resources accountants in practice and in business, students
Financial Stability Board (FSB)
Addressing financial stability risks of COVID-19 global, financial stability
Organisation for Economic Co-operation and Development (OECD) Tackling coronavirus (COVID‑19) impacts of the coronavirus pandemic on lives and societies in general

R e g i o n a l

Accountancy Europe Coronavirus resources for European accountants Europe, general
Accountancy Europe Coronavirus crisis resources – Banks Europe, banks
Accountancy Europe Coronavirus crisis: country responses to the implications on reporting local European
European Securities and Markets Authority (ESMA) COVID-19 Europe
European Federation of Accountants and Auditors for SMEs (EFAA) COVID-19: Guidance for SMPs Europe, audit

N a t i o n a l

Financial Accounting Standards Board (FASB) FASB Response to COVID-19 US
American Institute of Certified Public Accountants (AICPA) Coronavirus (COVID-19) Resource Center US
Center for Audit Quality (CAQ) COVID-19 – Auditing Profession Resources US, audit
Accounting Standards Board of Canada (AcSB) AcSB COVID-19 Resources Canada, series of articles on individual accounting problems in the context of COVID-19
Chartered Professional Accountants Canada (CPA) COVID-19: Resources related to reporting and audit Canada
South African Institute of Chartered Accountants (SAICA)
COVID-19 Hub South Africa, series of educational material on individual accounting problems in the context of COVID-19
Financial Reporting Council (FRC), UK FRC COVID-19 Response UK
Institute of Chartered Accountants in England and Wales (ICAEW) Coronavirus UK
Institute of Chartered Accountants of Scotland (ICAS) Accounts, Audit and Corporate Reporting UK
Deloitte UK
Regulatory, monetary and fiscal policy initiatives in response to the COVID-19 pandemic UK and pan-EU
Institute of Chartered Accountants of India (ICAI) COVID-19 Accounting Guidance of ICAI and IASB India
Hong Kong Institute of Certified Public Accountants (HKICPA) COVID-19 – CPA Information Centre Hong Kong
Australian Accounting Standards Board (AASB) Coronavirus (COVID-19) Guidance Australia
New Zealand External Reporting Board (XRB) Implications for Financial Reporting New Zealand
Chartered Accountants Australia and New Zealand (CAANZ) COVID-19 links Australia and New Zealand
Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) Accounting implications of the impact of COVID-19 pandemic Islamic accounting

If you are aware of additional collections that would be of interest to an international financial reporting audience, please feel free to contact us.

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May 2020 IASB meeting agenda posted

07 May 2020

The IASB has posted the agenda for its next meeting, which will be held via video conference on 20–21 May 2020. There are six topics on the agenda.

The Board will discuss the following:

    • Amendments to IFRS 17 Insurance Contracts
    • Management commentary
    • Research programme update
    • Maintenance and consistent application
    • IBOR reform and the effects on financial reporting (oral update)
    • Disclosure initiative — accounting policies

The full agenda for the meeting can be found here. We will post any updates to the agenda, our comprehensive pre-meeting summaries, as well as observer notes from the meeting on this page as they become available.

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IASB announces supplementary meeting

07 May 2020

On 15 May, the IASB will hold a supplementary meeting on COVID-19-related matters. The meeting will be held by conference call and is expected to last one hour (10:00-11:00 hrs BST).

The only point for discussion will be the comment letter analysis and redeliberation of the proposed amendment to IFRS 16 in relation to COVID-19-related rent concessions. An agenda paper for the meeting is not yet available. The IASB expects to post the paper on 12 May.

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IASB announces meeting updates in view of the COVID-19 pandemic

05 May 2020

The International Accounting Standards Board (IASB) announces that the June CMAC/GPF meeting has been postponed and the July ASAF meeting has been cancelled.

The CMAC/GPF meeting was originally scheduled for 18-19 June 2020. A new date has not yet been announced.

The ASAF meeting was to be held on 9-10 July. It has been cancelled completely and the next regularly meeting is currently scheduled for 1-2 October 2020. 

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Second IPSASB research forum

05 May 2020

The second Research Forum of the International Public Sector Accounting Standards Board (IPSASB) will be held virtually on 17 June 2020.

Topics to be discussed include:

  • Presentation of Financial Statements in the Public Sector
  • Differential Reporting
  • Contextual Factors and Imprudent Discount Rate Assumptions
  • Disclosure of Tax Expenditures

Registration is now open until 15 May. Participants can attend free of charge, however, registration is required.

Please click for more information on the IPSASB website.

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IASB proposes to defer effective date of IAS 1 amendments

04 May 2020

The International Accounting Standards Board (IASB) has published an exposure draft 'Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Proposed amendment to IAS 1)' proposing to defer the effective date of the January 2020 amendments to IAS 1 by one year. Comments are requested by 3 June 2020.



On 23 January 2020, the IASB issued Classification of Liabilities as Current or Non-current (Amendments to IAS 1) providing a more general approach to the classification of liabilities under IAS 1 Presentation of Financial Statements based on the contractual arrangements in place at the reporting date. The amendments currently have an effective date of 1 January 2022.

In April 2020, the IASB held a supplementary IASB meeting to consider COVID-19-related matters including the Board's timelines in view of the COVID-19 pandemic. The Board tentatively decided to delay by one year the effective date of Classification of Liabilities as Current or Non-current (Amendments to IAS 1) to annual reporting periods beginning on or after 1 January 2023.

The proposed amendment published today is solely seeking to delay the effective date of the January 2020 amendments by one year.


Suggested changes

The changes proposed in ED/2020/3 Classification of Liabilities as Current or Non-current — Deferral of Effective Date (Proposed amendment to IAS 1) would defer the effective date of Classification of Liabilities as Current or Non-current (Amendments to IAS 1) to annual reporting periods beginning on or after 1 January 2023. Earlier application of the January 2020 amendments would continue to be permitted.


Comment period

Comments on the exposure draft are requested by 3 June 2020. The shortened comment period of 30 days was approved in a DPOC meeting on 16 April 2020.


Additional information

Please click for:


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IFRS Interpretations Committee holds April 2020 meeting

01 May 2020

The IFRS Interpretations Committee met via video conference on 29 April 2020. We have posted Deloitte observer notes for the technical issues discussed during this meeting.

Comments on Tentative Agenda Decision

IAS 12 Income Taxes—Multiple Tax Consequences of Recovering an Asset (Agenda Paper 2): The Committee decided to finalise the agenda decision, with some suggested changes to the drafting.

Research Summary

Supply Chain Financing—Reverse Factoring (Agenda Paper 3): The Committee members provided suggestions for the questions to be addressed in the upcoming agenda paper for supply chain financing.

More Information

Please click to access the detailed notes taken by Deloitte observers.

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Agenda for the May 2020 IFRS Advisory Council meeting

01 May 2020

An agenda has been released for the upcoming meeting of the IFRS Advisory Council, which was originally scheduled for March 2020 and will now be held by remote participation on 27 and 28 May 2020.

A summary of the agenda is set out below:

Wednesday 27 May 2020 (12:00-15:00)

  • Update on Trustees and Foundation Activities
  • Chairman’s preview
  • Monitoring adoption (panel discussion and general discussion)
  • Customer’s digital experience (introduction and discussion)

Thursday 28 May 2020 (12:00-14:15)

  • Update on the Board’s activities
  • KPIs Board’s activities (introduction and discussion)
  • Focus on the Advisory Council
  • Summing up of the meeting

Agenda papers for the meeting are available on the IASB website.

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EFRAG draft comment letter on rent concessions ED

01 May 2020

The European Financial Reporting Advisory Group (EFRAG) has published a draft comment letter on the IASB exposure draft ED/2020/2 'Covid-19-Related Rent Concessions (Proposed amendment to IFRS 16)'.

In the draft comment letter, EFRAG agrees with the proposals in the exposure draft published last Friday that would provide lessees with an exemption from assessing whether a COVID-19-related rent concession is a lease modification. However, EFRAG would support expanding the scope of the amendment to include all rent concessions granted during 2020 and not just payments due in 2020.

EFRAG has also published a preparatory draft of an endorsement advice of the amendment. Doing so before issuance of the final amendment by the IASB is intended to allow for the finalisation of the endorsement advice as soon as possible after the IASB has issued the amendment to IFRS 16. The preparatory draft of the endorsement advice is based on the assumption that the final amendment will not be substantially different from the proposals in the exposure draft.

Comments on EFRAG's draft comment letter are requested by 7 May 2020, comments the preparatory draft of an endorsement advice by 20 May 2020. For more information, see the press release, the draft comment letter and the preparatory draft of an endorsement advice on the EFRAG website.

EFRAG is also offering a public outreach event on the exposure draft on Thursday 7 May 2020. More information is available here.

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IASB issues podcast on latest Board developments (April 2020)

30 Apr 2020

The IASB has released a podcast featuring IASB Chair, Hans Hoogervorst and Vice-Chair, Sue Lloyd discussing the deliberations at (1) the April IASB meeting and (2) the Board's supplementary meeting on COVID-19-related matters.

The podcast features discussions related to the effects of COVID-19 on stakeholders, specifically changes in the work plan timeline and proposed rent concession amendments to IFRS 16, Leases. The podcast also discusses:

  • Amendments to IFRS 17, Insurance Contracts.
  • Post-implementation reviews of IFRS 10, IFRS 11 and IFRS 12.
  • Management commentary.
  • Maintenance and consistent application.

The podcast can be accessed through the press release on the IASB website. More information on the topics discussed is available through our comprehensive notes taken by Deloitte observers at the April IASB meeting as well as the Board's supplementary COVID-19 meeting.

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