Q3 2020 Quarterly Outlook

KPMG reports on major accounting and financial reporting developments that could affect companies in the current period and near term.  

Applicability

• All companies

Key impacts

• The accounting and financial reporting impacts of COVID-19 and the CARES Act continue to unfold and are far-reaching.
• The SEC staff is committed to helping filers respond to operational and other challenges as a result of  COVID-19, and is focused on high quality and timely financial information.
• The FASB continues to monitor COVID-19 related accounting and financial reporting impacts, but has otherwise resumed focus on its technical agenda.