Hot Topic | July 2020

 

Insight

Investment funds: potential impacts of COVID-19

Accounting and reporting implications for investment funds to consider in the current economic environment.

Michael Hall

Michael Hall

Partner, Dept. of Professional Practice, KPMG US

+1 212-872-5665

Timothy Jinks

Timothy Jinks

Partner, Dept. of Professional Practice, KPMG US

+1 212-954-7223

Richard Sumida

Richard Sumida

Managing Director, Dept. of Professional Practice, KPMG US

+1 212-954-7251

KPMG discusses potential challenges for investment funds during periods of economic uncertainty and the related accounting and reporting implications for investment funds to consider during the COVID-19 pandemic.

Applicability

  • Investment companies

Relevant dates

  • Effective immediately

Report contents

  • Repurchases of debt securities and preferred shares
  • Defaulted capital commitments
  • Payments by affiliates for reimbursements of investment losses
  • Financial support arrangements
  • SEC regulatory relief

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