Hot Topic | February 2020


Potential impacts of coronavirus on SEC issuers

SEC Chairman advises companies to monitor current and potential effects of coronavirus on disclosures. KPMG provides reporting considerations for companies conducting business with or in China as they assess the impact of coronavirus on their SEC reporting obligations.


  • All companies

Relevant dates

  • Effective immediately

Key impacts

  • Companies need to continuously assess the impact the coronavirus outbreak may have on: 
    • Required reporting, including periodic disclosures
    • Accounting and financial reporting, including subsequent events 
    • Access to information in China
    • Internal controls over financial reporting 
    • Filing deadlines.
  • On February 19, 2020, the SEC issued a public statement on financial reporting considerations and the potential availability of regulatory relief related to the impact of the coronavirus.
  • Companies should continue to monitor information coming from the SEC staff.

Report contents

  • Background and SEC Chairman statement
  • What should companies consider? 
  • Evolving information

Spotlight on contributors

Timothy Brown

Timothy Brown

Partner, DPP, KPMG (US)

Erin McCloskey

Erin McCloskey

Managing Director, DPP, KPMG (US)



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