COVID-19IASBFASBPurpose The International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) have given relief to lessees in response to the coronavirus (COVID-19) pandemic. However, it is not clear why any relief from the requirements in International Financial ...
When it comes to financial reporting, International Financial Reporting Standards version nine (or IFRS 9), provides guidelines on how a financial institution assesses and treats its credit risks in a truthful and fair manner. Management has to look into the front-view mirr...
The application of which of these accounting standards is unlikely to be affected by COVID-19? IFRS 8 Segmental Reporting IAS 36 Impairment IFRS 9 Financial Instruments IAS 10 Events after the Reporting Period If there is a significant increase in credit risk on a long-term receivable, ...
The COVID-19 pandemic has demonstrated the vulnerability of health care systems, markets, and global supply chains. TheIMFhas predicted the worst economic downturn since the Great Depression and UN Secretary-GeneralAntonio Guterresconsiders it to be the biggest challenge the world has faced since the...
Commit to long-term purpose/ESG goals with measurable short-term milestones (e.g., the year 2022) to external reporting structures (e.g., the Sustainability Accounting Standards Board) to increase credibility. Companies that have made 2050 commitments on carbon...
China’s insurance and healthcare sectors, which were already making up a growing share of office demand, have continued to perform exceptionally well in 2020. Current government efforts to streamline regulation and accounting standards in the insurance industry can be expected to further encourage gro...
International Accounting Standards Board (IASB) Quick links IFRS in Focus — IASB finaliza enmienda al IFRS 16 Arrendamientos en relación con las concesiones de alquiler relacionadas con COVID-19 Your privacy Deloitte uses strictly necessary cookies and similar technologies to operate this website and...
In addition, standards should require that corporate social responsibility reporting be necessarily made available to the public on the internet. Corporate social responsibility reporting in the conditions of social distancing caused by the COVID-19 pandemic should be monitored and controlled using smart ...
2. Epidemiological evidence of using face masks against COVID-19 3. Standards, testing methods, and efficacy of face masks 4. Decontamination and reuse of masks 5. Concluding remarks Declaration of Competing Interest Acknowledgements ReferencesShow full outline Cited by (97) Figures (11) Show 5...
The agencies have confirmed with staff of the Financial Accounting Standards Board (FASB) that short-term modifications made on a good faith basis in response to COVID-19 to borrowers who were current prior to any relief, are not TDRs. This includes short-term (e.g., six months) ...