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  • BDO Releases IFRB 2020/02 - Potential Effects of the Coronavirus on 31 December 2019 Year-end Financial Reporting
COVID19:

BDO Releases IFRB 2020/02 - Potential Effects of the Coronavirus on 31 December 2019 Year-end Financial Reporting

19 March 2020

Theunis Schoeman , Partner and Head of Technical |

BDO has published an IFR Bulletin (‘IFRB’) on the potential effects of the coronavirus on 31 December 2019 year-end financial reporting.

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.

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