In this 30-minute podcast, specialists from KPMG’s Government Affairs and Department of Professional Practice discuss some of the financial reporting implications of the Coronavirus Aid, Relief, and Economic Security (CARES) Act on income taxes, financial instruments and more.
- All companies
- Effective immediately
- 01:15 – Overview of the Act, how it came into being and how it compares to the 2008 landscape
- 04:45 – The key tax provisions and how they affect the accounting for income taxes
- 10:50 – The broad categories of other relief and the accounting implications: government financing; relief from applying GAAP; and grant-type assistance
- 20:10 – What to expect next