PODCAST

KPMG Financial Reporting Podcast: Coronavirus

Implications of COVID-19 impacts on the workforce, operations and supply chains, finance and liquidity.

Brian Fields

Brian Fields

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-3397

Meredith Canady

Meredith Canady

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5858

Mark Northan

Mark Northan

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-6927

Landon Westerlund

Landon Westerlund

Partner, Dept. of Professional Practice, KPMG US

+1 212-909-5553

Podcast overview

In this 30-minute podcast, KPMG partners discuss some of the financial reporting implications of COVID-19 impacts on the workforce, operations and supply chains, finance and liquidity.

Applicability

  • All companies

Relevant dates

  • Effective immediately

Podcast contents

  • 01:10 – Framework for approaching issues and assessing risks
  • 04:05 – Implications of remote working and the impact on controls over financial reporting
  • 07:25 – Debt, including covenants and modifications, and hedging
  • 10:20 – Lease concessions and modifications, from the lessee’s and lessor’s perspectives
  • 13:20 – Revenue, trade receivables and loan receivables
  • 19:35 – Estimates, including goodwill and other impairment, and fair value measurement
  • 24:45 – Role of the Audit Committee, external communications, SEC guidance and disclosures