Dr. Rod Redding received his PhD from Penn State University after working with Price Waterhouse and IBM. Presently, he presents seminars and webcasts and prepares self-study courses for Western CPE.

This alert provides accounting websites, and a list of articles, that have been written about various issues related to the impact of the coronavirus on accounting issues. Of course, one of the key issues is going concern. A future alert will address this issue. The following articles are hyperlinked for your convenience.

WEBSITES

AICPA:   Coronavirus (COVID-19) Resource Center
AICPA:   Coronavirus (COVID-19) audit and accounting resources

• A&A FAQs related to COVID-19 Issues
• Going concern tips for auditors during the pandemic
• Consequences of COVID-19: Potential Auditing Challenges
• Consequences of COVID-19: Illustrative Public Company Disclosures
• Remote auditing during COVID-19
• How auditors can test inventory without a site visit
• Consequences of COVID-19: Financial Reporting Considerations

PwC CFO direct:  COVID-19 – Accounting and reporting resource center

Deloitte:  COVID-19 Resources

EY:  COVID-19 enterprise resilience

KPMG:  Financial reporting impacts of coronavirus

RSM:  CORONAVIRUS RESOURCE CENTER

BDO:  Crisis Response Resource Center

SELECTED ARTICLES                    

(Not all of these articles have been reviewed for content quality.)

• How SOC reporting may be affected by the COVID-19 pandemic, EY, 5/21
• How to account for proceeds from Paycheck Protection Program loans, EY, 5/21
• Coronavirus: Financial reporting considerations, RSM, 5/20
• Updated: CARES Act: Accounting for the stimulus, PwC, 5/20
• Auditing during COVID-19: 6 areas to focus on, J of A, 5/15
• Ability to continue as a going concern amid COVID-19, PwC, 5/7
• Accounting and reporting impacts of the CARES Act, KPMG, 4/28
• Healthcare entities’ accounting for COVID-19 government aid, KPMG, 4/24
• Accounting for rent concessions related to the COVID-19 pandemic under ASC 842, EY, 4/16
• FASB Issues Staff Q&A Document on Accounting for Leases During COVID-19, FASB, 4/10
• FASB staff clarifies accounting for lease concessions and other effects of COVID-19, EY, 4/10
• Going concern tips for auditors during the pandemic, J of A, 4/3
• Relief provided by the CARES Act will affect accounting and financial reporting, EY, 4/3
• Coronavirus: Accounting considerations for your business, EY, 4/2
• Accounting effects of the Coronavirus on fair value measurements, Thomson Reuters, 3/24
• Accounting for the Coronavirus under Topic 606, Thomson Reuters, 3/23
• How the coronavirus may affect financial reporting and auditing, J of A, 3/17