Architectural detail of modern sustainable academy building on Groningen Campus, Netherlands in Instagram toning

Technical Line - Accounting and reporting considerations for the effects of the coronavirus outbreak


The COVID-19 pandemic and its economic fallout have affected many companies. This publication addresses accounting and financial reporting considerations for affected companies, including considerations related to income tax accounting and other relief provided by the Coronavirus Aid, Relief and Economic Security Act, guidance from the staff of the Financial Accounting Standards Board on rent concessions and hedge accounting, and considerations relating to internal control over financial reporting and disclosures in filings with the Securities and Exchange Commission. This publication updates the Technical Line we issued on 12 March 2020 and revised on 31 March 2020 and reflects developments and additional guidance.

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