As a result of the impacts of COVID-19, companies are taking actions that have an impact on financial reporting, such as providing revised or new compensation arrangements, evaluating existing compensation arrangements to determine if any specific terms, conditions or estimates have been affected, and/or making modifications to compensation and benefit arrangements.
In addition, companies may enter into workforce actions that could result in pension or postretirement curtailments or settlements, or the need to pay severance and other postretirement benefits.
Questions that companies may be asking include:
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