Coronavirus resources for European accountants

All of us are affected by the Coronavirus outbreak. Its consequences significantly impact our daily lives, the economy and also accountants in all capacities throughout society.

Accountancy Europe 

• Coronavirus crisis: implications on reporting and auditing
• COVID-19: 5 key steps for accountants to guide SMEs through the crisis
• Coronavirus crisis: 15 actions for governments to protect European SMEs
• Coronavirus crisis resources – banks 
• Coronavirus crisis: country responses to the implications on reporting
• Coronavirus’ impact on auditing for 2019 year-ends and beyond
• Coronavirus’ impact on ongoing audits 
• Coronavirus: actions for the public sector 
• Coronacrisis: lessons for a more sustainable future

Our Member Bodies

KSW (Austria)

• Impact of  coronavirus outbreak – 03/04/2020
• Austrian Reaction of COVID 19 with respect to valuation of businesses – 15/04/2020

IWP (Austria)

• COVID-19 resource hub – 08/04/2020

IBR-IRE (Belgium)

• Potential impact of COVID-19 crisis on audit work – 20/03/2020
• COVID-19 – Going concern – 26/03/2020
• COVID-19: impact on internal control and the risk of fraud and remote audit – 31/03/2020
• COVID-19: FAQ on AML – 08/04/2020
• COVID-19: FAQ hub
• Impact du COVID-19 sur l’audit de l’exercice 2020 (fr) – 08/12/2020
• Impact COVID-19 op de controle over boekjaar 2020 (nl) 08/12/2020
• Impact du COVID-19 sur l’audit de l’exercice 2020 – points clés – 12/02/2021

ITAA (Belgium)

• Measures taken due to the coranavirus pandemic 

ICPAB (Bulgaria)

• Guidelines for Professional Accountants on the Impact of COVID- 19 Pandemic– 29/09/2020
• Guidelines for Professional Accountants on the Impact of COIVD-19 Pandemic (Bulgarian) – 29/03/2020

KACR (Czech Republic)

• COVID-19 Hub 

FSR (Denmark)

• Resources for Danish accountants 

ST (Finland)

• Coronavirus related information for auditors – 27/03/2020

CNCC (France)

• Coronavirus: CNCC supports you 
• Answers on the consequences of the health and economic crisis linked to the Covid-19 epidemic – 20/05/2020

• Consequences of the effects of the Covid-19 crisis on organisations’ insurance accounts as of June 30 2020 – 02/07/2020
• Questions/Answers relating to the consequences of the health crisis and economy linked to the Covid19 epidemic – 24/07/2020

CSOEC (France)

• Q&A on COVID-19 pandemic and health crisis consequences (joint statement with CNCC) – 25/03/2020
• Letter to  accountants on COVID-19 – 17/03/2020

ICPAC (Cyprus)

• Implications of the coronavirus outbreak on financial reporting and auditors’ work tailored to Cyprus reality for year ended 31 December 2020 – 10/02/21
• Coronavirus Useful Updates

IDW (Germany)

• Information about the corona crisis
• Questions concerning the impact of the spread of coronavirus on the financial statements and their audit (part 3, update January 2021)

WPK (Germany)

• Coronavirus (SARS-CoV-2)

CNDCEC (Italy)

• CNDCEC – The unitary corporate control report of the board of statutory auditors in charge of the statutory audit 
• The impact of the health emergency on business continuity and on the application of national accounting standards (IT) / The impact of the health emergency on business continuity and on the application of national accountant standards (EN) – 20/04/2020
• Corona virus pandemic: highlight of regulatory and legislative measures adopted by Italy to sustain the social, entrepreneurial and labour market – 11/05/2020

CAI (Ireland)

• COVID-19 hub

CPA Ireland

• Useful information & resources regarding COVID-19

IRE (Luxembourg) 

• COVID-19 : IRE technical guidance (updated)
• COVID-19 : Main measures implemented in Luxembourg – 20/03/2020

OEC (Luxembourg)

• Covid-19 : measures taken by administrations
• Covid-19 : business continuity plan of the OEC

MIA (Malta)

• Covid-19 resource hub
• Communication in relation to the impact of Covid-19 on accounting and reporting (Audit) – 02/20
• Communication in relation to the impact of Covid-19 on accounting and reporting (Accounting) – 01/20
• Communication in relation to the impact of Covid-19 on auditing (Audit) – 03/2020
• Communication in relation to the impact of Covid-19 on accounting and reporting (Accounting) – 02/20

NBA (Netherlands)

• NBA Helps – Coronafile

DnR (Norway)

• The corona crisis – consequences and measures

OROC (Portugal)

• COVID-19 resource Center

CAFR (Romania)

• Professional recommendations concerning COVID-19 for financial auditors
• Impact of the COVID-19 pandemic on financial audit reports – 31/03/2020

CECCAR (Romania)

• COVID-19 Resource Center 

SIZR (Slovenia)

•  Guidance for auditors – 18/03/2020

ICJCE (Spain)

• Audit and COVID-19 (English)

FAR (Sweden)

• Corona-related news

ACCA (UK)

• COVID-19 hub
• Strategies for SMEs 

CIMA (UK)

• Update on the coronavirus and impact for association activities

ICAEW (UK)

• ICAEW Insights Coronavirus Hub (including a European section)

ICAS (UK)

• ICAS Coronavirus Hub
• ICAS issues guidance on going concern for directors of large private companies – 20/05/2020

TURMOB (Turkey)

•  Coronavirus’ impacts on accounting and auditing profession – 03/2020

Other professional accountancy bodies

• COVID-19 Resources from IFAC’s Network
• The Financial Reporting Implications of COVID-19 (IFAC) – 13/04/2020
• Reporting and Fraud Risk Arising from COVID-19 Pose Significant Challenges for Professional Accountants (IFAC) – 04/05/2020
• COVID – 19 – Supplementary anti-money laundering guidance (CCAB – UK) 
• Coronavirus (COVID-19) Resource Center (AICPA)
• Impact of Coronavirus on Financial Reporting and the Auditors Consideration (ICAI – India) – 03/2020
• Impact of the SARS-Cov-2 coronavirus pandemic on auditing 2019 financial statements (PIBR – Poland) – 16/03/2020

Public Authorities / Standard-setters

European

EBA

• Application of the prudential framework regarding Default, Forbearance and IFRS9 in light of COVID19 measures -25/03/2020

• EBA provides additional clarity on measures to mitigate the impact of COVID-19 on the EU banking sector – 31/03/2020

ECB

• European Central Bank latest communications on COVID-19

EIOPA

• Statement on actions to mitigate the impact of Coronavirus/COVID-19 on the EU insurance sector – 17/03/2020

ESMA

• COVID-19 webpage 
• Actions to mitigate the impact of COVID-19 on the EU financial markets regarding publication deadlines under the Transparency Directive – 27/03/20
• Securities Market and Stakeholders Group initiative report on measures relating to the covid-19 crisis – 20/03/2020
• ESMA Guidelines on Alternative Performance Measures (APMs) – 17/04/2020
• Implications of the COVID-19 outbreak on the half-yearly financial reports – 20/05/2020

European Commission

• Page on EC COVID-19 response

CEAOB

• COVID-19 impact on audits of financial statements – 24/03/2020

CFRR

• Advocating for transparency in corporate financial reporting responses to coronavirus – 14/04/2020

International

IASB

• The coronavirus and the IFRS Foundation’s work

IAASB 

• Guidance for Auditors during the Coronavirus pandemic  
• IAASB assists with Audit considerations for the impact of COVID-19

IOSCO

• IOSCO homepage incl Corona resources
• Statement on Application of Accounting Standards during the COVID-19 Outbreak – 03/04/2020

IPSASB 

• IPSASB COVID WEbpage including links to IMF, World Bank, OECD and WHO

IFIAR 

• COVID-19 updates 

National

Austria 

• AFRAC – Technical information on effects of the spread of Coronavirus on corporate reporting – 04/2020

Australia

• AUASB – The Impact of coronavirus on financial reporting and the auditor’s considerations – 03/2020

Cyprus  

• CYSEC -Reporting/notification deadlines amid the impact of COVID-19 – 17/03/2020

Denmark 

• DBA – Minister of Taxation is postponing all information deadlines for the 2019 income year to 1 September – 31/03/2020

France 

• AMF
  • COVID-19 News
  • COVID-19 news release – 20/05/2020
• H3C
  • COVID-19: the H3C informs auditors on the dates of declaration of fees and continuing education – 20/03/2020
  • COVID-19: the H3C informs auditors on the adaptation of the control methods – 03/04/2020
• Ministry of Economy and Finance
  • COVID-19 business support measures  – 31/03/2020
  • COVID-19: respecting accounting deadlines – 27/03/2020

Germany 

• Ministry of Finance -Tax measures to take into account the effects of the coronavirus (COVID-19 / SARS-CoV-2) – 19/03/2020

Greece 

• HAASOB – Guidance on COVID-19 (coronavirus) – 17/03/2020

Italy

• CONSOB – Latest updates on Coronavirus

Lithuania 

• Ministry of Finance -Impact of Covid-19 pandemic on audits – 25/03/2020

Luxembourg 

• CSSF – FAQ on Covid-19 impact
• CSSF – Disclosure of information by issuers of securities under the transparency law – 27/03/2020

Malta 

• Timing of regulatory reporting due to the outbreak of Covid-19 – 20/03/2020
• ESMA public statement – Actions to mitigate impact of Covid-19 on EU financial markets – 27/03/2020

Portugal 

• ASF -Actions and recommendations in response to developments related to Coronavirus 
• CMVM – Information on measures implemented as a result of the Covid-19 pandemic
• Bank of Portugal – News release on response measures to COVID-19 – 16/03/2020

Norway 

• Financial Supervisory Authority – COVID-19: Statement on crisis measures

UK

• Bank of England – Supervisory and prudential policy measures to address the challenges of Covid-19 – 20/03/2020
• Companies House – Coronavirus guidance for Companies House customers, employees and suppliers – 18/03/2020
• FCA
  • Coronavirus (Covid-19) News
• FRC
  • Statement on accounting for lease modifications (Amendment to IFRS 16 – Covid19 related rent concessions) – 18/08/2020
  • Updates on COVID-19 response
  • High-quality disclosures needed to reflect impact of Covid-19 – 21/07/2020
  • COVID-19:  Joint Statement – 26/03/2020
  • Guidance for auditors and matters to consider where engagements are affected by Covid-19 – updated 04/2020
  • Podcast on audit guidance during Covid-19 – 24/04/2020
  • Financial Reporting Lab 2020 Newsletter – Issue 1 – 30/04/2020
  • Podcast on FRC’s Covid-19 engagement – 06/05/2020
  • COVID-19: May update – 07/05/2020
  • Additional information on company filings and AGMs during Covid-19 – 14/05/2020
  • Updated guidance for AGMs – 08/06/2020
  • COVID-19 – Resources, action, the future – 06/2020
  • COVID-19 – Going concern, risk and viability – 06/2020
  • COVID-19: Resources, action, the future – a look forward 10/20
  • COVID-19: Going concern, risk, and viability – a look forward 10/20
  • Consolidated COVID-19 guidance for companies and auditors – 12/20

USA

• PCAOB – Staff Provides Reminders for Audits Nearing Completion in Light of COVID-19 – 02/04/2020#
• PCAOB – Conversations with Audit Committee Chairs: Covid19 and the Audit – 31/07/2020

Spain 

• CNMV statements on the situation caused by COVID-19 
• CNMV Considerations of certain information obligations before the Covid-19 outbreak – 27/03/2020

Firms

BDO

• Are you ready to respond to coronavirus impacts on your business? – 04/03/2020
• Potential effects of the coronavirus outbreak on 2020 reporting periods and onward – 03/2020
• Potential Effects of the coronavirus outbreak on 31 December 2019 year end financial reporting – 02/2020

Deloitte

• IFRS in Focus — Accounting considerations related to coronavirus

EY

• COVID-19: 5 ways to maintain continuity and reshape for resilience – 18/03/2020
• Responding to COVID-19 – 18/03/2020
• IFRS Developments on COVID-19 consequences for ECL assessments – 27/03/2020
• Accounting considerations of the coronavirus outbreak (updated July 2020)
• Applying IFRS: Accounting for COVID-19 related rent concessions (updated July 2020)
• EY Global Tax Stimulus Response Tracker covering support and stimulus measures in 136 jurisdictions – 03/08/2020

Grant Thornton

• An economic pandemic: COVID-19 recession 2020 – 04/03/2020
• Coronavirus contingency planning: what should employers and businesses do?– 03/03/2020
• Navigating the impact of COVID-19 – 17/03/2020

KPMG

• COVID-19 | Resource centre on the financial reporting impacts of coronavirus
• Government and institution measures in response to Covid-19 – 01/04/2020
• A guide to the business implications of COVID-19 (Resource Hub)
• An overview of government and institution measures around the world in response to COVID-19

PwC

• Are you ready for your stakeholders to ask about the coronavirus? – 28/02/2020
• Accounting implications of the coronavirus (podcast)
• Responding to the potential business impacts of COVID-19
• The impact of COVID-19 in the 2019 financial statements and directors’ report – 27/03/2020
• In the Spotlight – ECL for corporates in the pandemic –  03/04/2020
• Accounting implications of the effects of coronavirus – 01/04/2020

Mazars

• COVID-19: Global resource centre 

Other

• Coronavirus timeline: reaction from the accountancy profession (International Accounting Bulletin)
• Coronavirus triggers going concerns in Europe (Audit Analytics)
• Economic decisions of member states (Robert Schuman Foundation)– 25/03/2020
• COVID-19 Crisis: European Compilation of national measures for board and shareholder meetings (ECODA) – 03/2020