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The COVID-19 pandemic, coupled with the current stock market volatility, has created an economic environment likely to have significant accounting consequences. Our COVID-19 accounting and reporting resource center, and PwC's COVID-19 navigator, provides insights to help you navigate these uncertain times.
Here's a selection of COVID-19 accounting and reporting news we're following from the standard setters and regulators. Receive this news along with our insights in your inbox each Friday by subscribing to PwC's Accounting weekly news.
On May 28, the IASB issued an amendment to its leases guidance to make it easier for lessees to account for COVID-19-related rent concessions.
On April 28, the FASB staff issued a Q&A document addressing the application of the cash flow hedge accounting guidance in ASC 815 to circumstances impacted by the COVID-19 pandemic.
Listen in to our series of podcast episodes addressing frequently asked questions in accounting and reporting areas impacted by COVID-19 and the current economic environment, including fair value, goodwill impairment, CECL and market conditions.