IFRS Newsletter No. 02 – Special Edition COVID-19

A few months after the World Health Organization (WHO) declared the COVID-19 epidemic a pandemic, and while lockdown measures and other government decisions seem to have provided answers to the actual health and economic crisis, the business impact of the disease is significant.

Although this document does not modify the existing standards, unlike the amendment to IFRS 16 published by the IASB and also summarized in this edition, it is particularly useful for its guidance on how best to explain the impact of the crisis on entities’ performance.

This second number of our special edition picks up last issue’s discussions in three key areas: impairment assessment, accounting for government support under part-time working measures, and the presentation of the statement of profit or loss.


A Closer Look 

  • IASB publishes IFRS 16 amendment on COVID-19-related rent concessions 
  • Accounting impact of the COVID-19 pandemic on 2020 financial statements: update on three key issues 


IFRS Newsletter Special Edition COVID-19 No 02_2020

IFRS Newsletter Special Edition COVID-19 No 02_​2020