BDO Releases IFRB 2020/03 - Potential Effects of the Coronavirus Outbreak on 2020 Reporting Periods and Onward
18 March 2020
Coronavirus/COVID-19 is having an unprecedented impact on entities in nearly every sector and industry worldwide. For entities with reporting periods ending after 31 January 2020, the effects of the outbreak will have to be considered in impairment calculation, revenue recognition, going concern disclosures and much more. For an overview of the impacts that the outbreak will have on IFRS reporters, please see our IFR Bulletin, which can be found here.