Beyond the GAAP no.144 - May 2020

There is no doubt that the preparation of the 2020 interim accounts will be particularly difficult this year. Properly reflecting the impact of the COVID-19 crisis in the financial statements is certain to be the main subject of concern. Once again, this month’s COVID-19 supplement summarises the current issues to be taken into account, in particular the ESMA press release for listed entities.

This issue of Beyond the GAAP presents a summary of the standards and amendments that will be of mandatory application for the first time at 30 June 2020. At the time of publication, the main uncertainty concerns whether the European Union will have endorsed the IFRS 16 amendment on COVID-19-related rent concessions between now and the 30 June reporting date. But we can assume that everything is being done to ensure that Europe does not prevent businesses from taking advantage of the exemption granted by the IASB on 28 May.


144 - Beyond the GAAP - May 2020
144 - Beyond the GAAP - May 2020 - supplement COVID-19