Inform - International

Resources (This includes links to the latest standards, drafts, PwC interpretations, tools and practice aids for this topic)

• PwC publications

  In depths

  • IFRS 16 COVID-19 Related Rent Concessions Amendment: PwC In depth INT2020-05
  • Accounting implications of the effects of coronavirus (updated on 22/07/20) : In depth INT2020-02

  In briefs

  • IASB issues IFRS 16 COVID-19 rent concessions amendment: PwC In brief INT2020-09
  • Accounting implications of coronavirus: PwC In brief INT2020-04

  In the Spotlight

  COVID-19 will impact many areas of accounting and reporting for all industries, as outlined in our publication In depth: Accounting Implications of the Effects of coronavirus. Below is some guidance on industry specific impacts

  • Banking - Areas of focus for interim disclosures by banks during COVID-19
  • Banking - Top 10 questions Audit Committees and CFOs should be asking in FY20
  • Banking - Post-model adjustments for expected credit losses during COVID-19
  • Banking - COVID-19: Top 5 IFRS Accounting Issues

   

  • A Corporate Treasury Focus on COVID-19 Accounting Considerations
  • Corporate entities - how to apply the requirements of IFRS 9 expected credit losses (ECL) during the COVID-19 pandemic

   

  • A Consumer Markets Industry Focus on COVID-19 Accounting Considerations
  • A construction and engineering industry focus on COVID-19 accounting considerations
  • A Mining Industry Focus on COVID-19 accounting considerations
  • An Oil and Gas Industry Focus on COVID-19 accounting considerations
  • A Pharmaceutical & Life Science Industry Focus on COVID-19 Accounting Considerations
  • A Real Estate Focus on COVID-19 Accounting Considerations
  • A Shipping Focus on COVID-19 Accounting Considerations
  • A Utility Industry Focus on COVID-19 accounting considerations

  Other

  • Examples for reporting the impact of COVID-19 on going concern and subsequent events in financial statements
  • Volatile Values: Valuation in times of market uncertainty (April 2020)

• Media

  PwC IFRS Talks

  • PwC IFRS Talks - Episode 87: COVID-19 and IFRS 16 rent concessions
  • PwC IFRS Talks - Episode 85: COVID-19 and interim reporting (IAS 34)
  • PwC IFRS Talks - Episode 84: COVID-19 and IAS 12 taxes
  • PwC IFRS Talks - Episode 83: Impairment of trade receivables for Corporates in light of COVID-19
  • PwC IFRS Talks - Episode 82: Presentation of the impacts of COVID-19
  • PwC IFRS Talks - Episode 79: COVID-19, hedging and other corporate treasury issues
  • PwC IFRS Talks - Episode 78: COVID-19 and classification and measurement in IFRS 9
  • PwC IFRS Talks - Episode 77: COVID-19 implications on IFRS 13, Fair Value
  • PwC IFRS Talks - Episode 76: COVID-19 impact on IFRS 16, Leases
  • PwC IFRS Talks - Episode 75: COVID-19 and Impairment
  • PwC IFRS Talks - Episode 74: IAS 10, post balance sheet events and COVID-19
  • PwC IFRS Talks - Episode 73: COVID-19 Impact on IFRS 9, Expected Credit Loss
  • PwC IFRS Talks - Episode 72: Government grants and coronavirus (COVID-19)
  • PwC IFRS Talks - Episode 71: The accounting implications of coronavirus (COVID-19)

  Webcasts

  • PwC IFRS Technical Update video June 2020
  • PwC IFRS Technical Update video May 2020
  • PwC IFRS Technical Update webcast April 2020

• External guidance

  ESMA

  • Actions to mitigate the impact of COVID-19 on the EU financial markets – Coordination of supervisory action on accounting for lease modifications
  • ESMA calls for transparency on Covid-19 effects in half year financial reports
  • ESMA guidance on reflecting the impact of COVID-19 in alternative performance measures
  • ESMA statement on the accounting implications of the COVID-19 economic support and relief measures

  IASB

  • Exposure draft - COVID-19 related rent concessions - proposed amendment to IFRS 16
  • Supporting implementation - Accounting for covid-19-related rent concessions applying IFRS 16 Leases
  • IASB document on IFRS 16, 'Leases' during economic uncertainty arising from COVID-19
  • IASB publishes a document on IFRS 9, 'Financial instruments' and COVID-19

  IOSCO

  • Statement on Application of Accounting Standards during the COVID-19 Outbreak
  • Statement on Importance of Disclosure about COVID-19