Various regulators in the UK, the US and the EU have published statements over the last week in response to the unique circumstances arising from the coronavirus (COVID-19) pandemic. 

The escalating crisis has led to uncertainty in companies’ financial positions, potential delays in providing financial information, and the need for auditors to undertake additional work to support their audit opinions.

In this briefing, we summarise some of the key points in relation to corporate reporting that corporates need to be aware of during this crisis, which are particularly relevant for corporates with a 31 December financial year end that are preparing to publish their audited financial statements within the coming weeks.