Certified Public Accounting Firm

8/4/20: SNN Virtual Panel - COVID19 Impact: What's Next from Accounting Perspective

On August 4, 2020, SNN Network Virtual Conference held its webinar titled, COVID19 Impact: What's Next from An Accounting Perspective. This webinar is a follow up to an April 2020 webinar that first discussed the impact of COVID19 from an accounting perspective. Key themes covered in the August 2020 webinar include:

  • New guidance on the PPP loans
  • The potential, new stimulus package
  • Unplanned rent and other business concessions due to the pandemic
  • Restructuring debt & debt covenant issues
  • The impact of the pandemic on disclosures
  • Working remotely: registrants and CPA firms
  • Financial statement presentation
    • Impairment of assets and goodwill
    • Forward looking statements
  • SEC Division of Corporation Finance's updated guidance on Topic 9 (3/25/20) and Topic 9-A (6/23/20)
  • New pronouncements: Management's assertions on disclosures; new regulations regarding critical audit matters (CAMs)
  • Potential relief for upcoming filing deadlines

Click on the image below to hear perspectives from Steven Vertucci, Audit Partner at MaloneBailey, David Grossman from Marcum LLP, Corey Fischer from Weinberg & Company and Ed Schenkein from SingerLewak LLP. The panel is moderated by Neil Levine from Friedman LLP.