This In depth considers the accounting and reporting impacts of Covid-19. There are broad IFRS implications, including impairment and valuation of assets (financial and non-financial), liability recognition and measurement, and disclosure, as well as narrative reporting considerations. There may also be an on dividends and other distributions.
The IASB has issued amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 that address issues that arise during the reform of an interest rate benchmark. See our In brief for the details.
