Accounting Considerations Related to COVID-19

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Accounting Considerations Related to COVID-19

The outbreak of Coronavirus disease 2019 (COVID-19) is having a widespread impact on the global economy. Entities must carefully consider their unique circumstances and risk exposures and consider the impact the outbreak may have on their financial reporting. 

Specifically, financial reporting and related financial statement disclosure
need to convey all material effects of COVID-19. Some of the accounting considerations related to COVID-19 outbreak is discussed in the publication attached.

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