Covid-19 legislation and regulations set by the standard-setters and Congress have presented new considerations for corporate accounting departments and their advisers, requiring a new plan of attack to address how Covid-19 will impact their organizations.
Accounting professionals are asking themselves these important questions:
- Have I identified all the additional disclosures needed for financial filings?
- How do I track new standards and legislation?
- How am I staying informed of the fluid regulatory environment?
The Financial Accounting (U.S. GAAP) Coronavirus Roadmap holds the answers. It covers the financial accounting components of the CARES Act, filing relief filed by the standard-setters (such as the SEC and FASB), and regular updates of rapidly evolving conditions.