COVID-19 – Specific Useful PAO Articles : CAPA

COVID-19 – Specific Useful PAO Articles

Published date: April 1, 2020

In response to the challenges presented by the COVID-19 outbreak, a number of professional accountancy organisations (PAOs) are issuing guidance to their members, particularly outlining what organisations and businesses need to do at this time, and how their members can assist. Some useful materials identified are listed below and categorised according to key areas of focus.

This list will be updated periodically as we receive new materials.

Key Areas	Articles by PAOs
Accounting and Financial Reporting	Impact of Coronavirus on financial reporting and the auditors consideration [ICAI – 3/04/2020] Coronavirus crisis: Implications on reporting and auditing [Accountancy Europe – 3/04/2020] Application Guidance for COVID-19 pandemic: The implications on financial reporting [CA Sri Lanka – 10/04/2020] Advisory on treatment of various items of cost in light of COVID-19 [ICMAI – 22/04/2020] GPCC: Extensions or other relief granted by regulators (in relation to reporting deadlines globally) [IFAC – 22/04/2020] Preparation of Financial Statements under the COVID-19 circumstances [ICAP – 28/04/2020] GPCC: Extensions or other relief granted by regulators – as at 4 May (in relation to reporting deadlines globally) [IFAC – 8/05/2020] Financial reporting Implications and Resources [CPA Canada – 15/05/2020] GPCC: Extensions or other relief granted by regulators – as at 11 May (in relation to reporting deadlines globally) [IFAC – 5/06/2020]
Auditing	Coronavirus considerations for group audit [ICAEW – 18/03/2020] Impacts of COVID-19 on reporting entities and auditors [CPA Australia – 24/03/2020] COVID-19 pandemic: Guidance Notes on the implications on auditing [CA Sri Lanka – 10/04/2020] The impact of COVID-19 on audit – A Guidance for auditors [ICAP – 15/04/2020] Audit consideration related to COVID-19 – Part 1, Part 2 and Part 3 [JICPA – 22/04/2020] COVID-19 having significant impact on the world’s auditors [ACCA – 5/05/2020] Key audit Considerations and Resources [CPA Canada – 15/05/2020] IAASB releases COVID-19 related Guidance for Auditor Reporting [IAASB – 28/05/2020] Advisory on Auditing and Assurance assignments during lockdown and travel restrictions imposed by the government [ICMAI – 15/06/2020] Financial reporting in a time of crisis – the importance of Going Concern [ICAEW – 15/07/2020]
SMP and SME Resources	Practitioner Resources 7 Key points to discuss with clients during COVID-19 shutdowns [CA ANZ – 3/04/2020] COVID-19: 5 Key steps for accountants to guide SMEs through the crisis [Accountancy Europe – 3/04/2020] Key practice management Considerations and Resources [CPA Canada – 15/05/2020] Business Resources Coronavirus disruption and tips for small business [CPA Australia – 18/03/2020] Business Unusual: Business continuity playbook [CA ANZ – 5/05/2020] Business Continuity in Crisis: COVID-19 [CPA Canada – 15/05/2020] SMEs hardest hit by COVID-19, finds ACCA global research [ACCA – 15/07/2020]
Public Sector	COVID-19: Relevant IPSASB Accounting Guidance [IPSAS Board – 10/04/2020] Public Sector and the Coronacrisis – Part 1 [Accountancy Europe – 14/08/2020] Public Sector and the Coronacrisis – Part 2 [Accountancy Europe – 14/08/2020]
Student Resources	Online delivery of Semester 1 CPA Program Exam [CPA Australia – 3/04/2020] CIMA exams to move to remote testing in response to the Coronavirus pandemic [CIMA – 3/04/2020] CIPFA Exams goes online with Proctor-U – [CIPFA – 10/04/2020] Online learning opportunities to meet studies and CPE requirements [ICAI – 5/05/2020] Online CPD Services for PAOs [IFAC – 8/05/2020]
PAO Preparedness	Seven essential crisis management planning steps for PAOs [IFAC – 3/04/2020] Ibero-American PAO response to COVID-19 [IFAC – 3/04/2020] Stakeholder support initiatives during COVID-19 [CA Sri Lanka – 28/05/2020]
Other Emerging Risks and Opportunities	Economic impact of COVID-19 and the policy response by ACCA’s chief economist Michael Taylor [ACCA – 24/03/2020] ACCA call to action as 80% expect ‘significant downturn’ [ACCA – 15/04/2020] Global report reveals cross sector experiences of COVID-19 [ACCA – 5/05/2020] Economic impact of COVID-19 on Pakistan [ICMAP – 5/05/2020] Perspectives from Bangladesh on the challenges and roles of professional accountants amid and post COVID-19 era [ICMAB – 14/08/2020] Europe’s economic recovery from COVID-19 [Accountancy Europe – 14/08/2020]
Other Member Resources	Managing through COVID-19: Crisis management, financial advice, tax update (presentation slides). Watch the recorded webinar here. [CPA Australia – 10/04/2020] COVID-19 column introduced on CICPA website [CICPA – 10/04/2020] Conceptual approach to Board Reporting Framework – A post COVID-19 Corporate Governance perspective [ICMAI – 28/04/2020] IESBA releases COVID-19 Q&As highlighting Ethics and Independence considerations [IESBA – 15/05/2020]