A collection of inspiring content from the Chartered Accountants Worldwide network created in response to the challenges of the Coronavirus pandemic.
To help counteract the negative impact of coronavirus (COVID-19), Accountancy Europe is collecting all resources relevant for European professional accountants and they will keep adding to the list. It includes guidance from member bodies (organised by country), as well as information from public authorities and firms.
Collection of resources from IFAC professional accountancy organisations on audit, financial reporting, business continuity and crisis management, and professional and personal wellness during the coronavirus pandemic.
Policy tracker produced by the IMF summarising the key economic responses that governments around the world are taking to limit the human and economic impact of the COVID-19 pandemic.
The OECD is sharing a range of resources on the impacts, consequences and potential solutions to the pandemic on global economies and societies. It includes a country policy tracker providing information on the measures taken by individual countries worldwide.
Guide to the government assistance packages from 38 countries by INSOL International, the international association of restructuring, insolvency and bankruptcy professionals. The individual country guides present a clearly presented overview of the policy responses, legislative reforms, financial sector measures implemented by regulators and measures introduced to deal with increased insolvency cases.
Interpretative Communication from the European Commission which clarifies the flexibility available in IFRS 9 and explains how that can maintain the flow of liquidity to EU households and businesses. The Commission has also proposed an extension of the current transitional arrangements in the EU banking rules (the Capital Requirements Regulation) by two years, in line with the international agreement of the Basel Committee.
Public statement from the European Securities and Markets Authority (ESMA) commenting on the timeliness of fulfilling the external audit requirements for interest rate benchmark administrators and contributors. ESMA expects National Competent Authorities (NCAs) not to prioritise supervisory actions against administrators and supervised contributors relating to the timeliness of fulfilling those audit requirements where the audits are carried out by 30 September 2020.
Technical clarification issued by the Basel Committee on Banking Supervision with questions and answers on treatment of extraordinary support measures related to COVID-19, expected credit loss accounting, and transitional arrangements for expected credit loss accounting.
Statement issued by the International Organization of Securities Commissions (IOSCO) addressing the application of accounting for expected credit losses (ECL) in accordance with IFRS 9 during the COVID-19 outbreak.
Government information collected by the Australian British Chamber of Commerce, including ATO guidance on superannuation options and cash flow assistance for businesses. It also provides links to support for businesses by each state.
Chartered Accountants Australia and New Zealand hub with information on government assistance and stimulus packages, business support, guidance for practices, and other advice for members.
Greater China and South East Asia
Coronavirus (COVID-19) updates collected by the British Chamber of Commerce Hong Kong highlighting government support for businesses, other advice and travel updates, and links to portals from member firms.
Official information summarised by Enterprise Singapore on the Circuit Breaker period, business support measures, essential services exempted from suspension, and a detailed guide to business continuity planning for COVID-19 (available in Chinese and English).
Regulatory announcements from SGX with guidance on conducting general meetings, extensions granted for holding AGMs, and other measures to support issuers during the challenging COVID-19 business climate.
All updates and measures announced by the SEBI relating to investor and market activities and regulations.
Regularly updated page listing measures taken by the State Bank to address the economic impact of COVID-19, including relief packages for households and businesses and refinance schemes to support employment and prevent layoffs.
Comprehensive resource to help businesses and investors get real-time updates on India's active response to COVID-19. It includes advisories by each state as well as information on central government initiatives and measures to aid businesses.