The International Accounting Standards Board (IASB) has published a comprehensive discussion paper DP/2020/1 ‘Business Combinations — Disclosures, Goodwill and Impairment’. The IASB’s related project aims at improving the information companies provide to investors, at a reasonable cost, about the businesses those companies buy and would help to hold management to account for its decisions to ..

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As the pandemic increases in both magnitude and duration, entities are experiencing conditions often associated with a general economic downturn. This includes, but is not limited to, financial market volatility and erosion, deteriorating credit, liquidity concerns, further increases in government intervention, increasing unemployment, broad declines in consumer discretionary spending, increasing inventory levels, reductions in production ..

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PwC FAQs on a wide range of accounting impacts from COVID-19 This in-depth answers specific questions about a range of topics, related to the impact of COVID-19 on financial reporting. Topics include impairment assessments; accounting for the impact on revenue recognition, inventory, leases, compensation, debt, taxes, and financial statement presentation; and considerations related to internal ..

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