United States

Coronavirus: Recent developments in financial reporting considerations


We have updated our white paper, Coronavirus: Financial reporting considerations, to address the following recent developments: 

  • Relief requested by the International Swaps and Derivatives Association for the accounting treatment for ongoing cash flow hedges in which the hedged forecasted transactions are interest payments that are expected to be delayed beyond the period specified in the hedge documentation due to the coronavirus pandemic.
  • The views of the Securities and Exchange Commission staff in the Division of Corporation Finance regarding disclosures about operations, liquidity and capital resources that SEC registrants should consider with respect to the business and market disruptions related to COVID-19. 
  • Activities undertaken and resources provided by the Governmental Accounting Standards Board to alleviate the financial reporting issues encountered by state and local governments during the coronavirus pandemic.

For these and many other topics entities should consider when preparing financial statements affected by the coronavirus pandemic, see our white paper, Coronavirus: Financial reporting considerations

The financial reporting considerations related to the coronavirus pandemic are continuing to evolve. This white paper will continue to be updated periodically as developments warrant. For additional resources related to the coronavirus pandemic, visit our Coronavirus Resource Center.

How can we help you?

To discuss how our team can help your business, contact us by phone 800.274.3978 or


Subscribe to Financial Reporting Insights