The session will cover the accounting and auditing impacts of the COVID-19 pandemic. Included will be the FASB and AICPA standards that have had their effective dates extended, a review of accounting and reporting for subsequent events, accounting for PPP loans and their related forgiveness, a refresher on going concern requirements and disclosure of concentrations. A timely discussion of the immense amount of accounting and auditing (and reviewing and compiling and preparing and consulting) work that COVID-19 hath brought upon us.
Originally recorded for the 2020 Virtual Real Estate Conference on June 18, 2020.