BDO Releases IFRB 2020/02 – Potential Effects of the Coronavirus Outbreak on 31 December 2019 Year-end Financial Reporting
20 February 2020
BDO has published an IFR Bulletin (‘IFRB’) on the potential effects of the coronavirus on 31 December 2019 year-end financial reporting. The IFRB may be shared with clients, as it is an external publication.
The IFRB discusses the effects of the coronavirus and how they may interact with applicable IFRSs, including IAS 10 and other standards. The IFRB provides guidance on the financial impact of the coronavirus generally being a non-adjusting event in accordance with IAS 10, since significant developments concerning the virus did not take place until January 2020.
The publication can be accessed on BDO’s IFRS Reporting Hub here. All of BDO’s IFR Bulletins may be accessed here.