The coronavirus (COVID-19) pandemic had an impact on firms in 2020 and moving into 2021. Measures taken to contain the virus affected economic activity, which in turn has implications for financial reporting. The implications include not only the measurement of assets and liabilities but also disclosure and possibly an entity’s ability to continue as a going concern.
Global IFRS Financial Leader, PwC United States
Global IFRS Non-Financial Leader, PwC United Kingdom