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Coronavirus and IFRS financial reporting implications

It’s quite clear that coronavirus is a devastating, exceptional and extraordinary worldwide event which will have a significant financial impact on many entities. 
The financial reporting implications of coronavirus, together with the Government support, could prove challenging.

We have provided analysis on a number of areas detailing:

  • What IFRS says;
  • The practical impact and interpretation for preparers of financial statements; and
  • Our advice to entities.

Whilst the articles will inform accounting work they have been written in the generality – each entity will have unique issues which must also be considered.

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