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
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
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