How businesses should deal with the COVID-19 outbreak

The Coronavirus which hit the Chinese economy unexpectedly in January 2020 has been declared a global health emergency by the World Health Organization (WHO). With the crisis still continuing to spread, it places an increasingly heavy strain on businesses, giving rise to significant business issues and challenges. In the context of Covid-19 outbreak, entities should consider the accounting implications of these developments.

This guidance addresses the issues that business should consider during the outbreak and some recommended key actions.

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