Sources of advice and information
With Covid-19 providing the biggest challenge to the global economy since the global financial crisis over a decade ago, businesses and practices need to keep a close eye on the developing situation. These resources are designed to provide signposting to the latest information and advice on a constantly changing scenario.
Global organisations
International Monetary Fund (IMF) – regular updates on policies
Organisation for Economic Cooperation & Development (OECD) – regular updates and initiatives
World Economic Forum - thought leadership from world leaders
World Trade Organization – latest news
IFAC – international assurance updates
IFRS Foundation – updates on the work of the International Accounting Standards Board
International Audit & Assurance Standards Board – updates affecting audit
Various global regulators – Impacts on reporting entities and auditors
World Health Organisation guidance on getting the workplace ready for Covid-19
World Health Organisation on infection prevention and control
International Chamber of Commerce (ICC) SOS campaign website
Europe
European Central Bank (ECB) – updates on central banks’ responses
European Commission – policy responses
AccountancyEurope has collated regulatory responses across the continent
- AMF (France): Disclosure rules for listed companies; Filing of registration documents and and permanent information rules in the context of the Covid-19 crisis; Market activities continuity during the coronavirus pandemic
- ASF (Portugal): Actions and recommendations in response to developments related to Coronavirus
- Bank of England: Supervisory and prudential policy measures to address the challenges of Covid-19
- Bank of Portugal: News release on response measures to COVID-19
- CEAOB: COVID-19 impact on audits of financial statements
- Companies House (UK GOV): Coronavirus guidance for Companies House customers, employees and suppliers
- CMVM (Portugal): Information on measures implemented as a result of the Covid-19 pandemic
- EBA: Application of the prudential framework regarding Default, Forbearance and IFRS9 in light of Covid-19 measures - 25/03/2020
- 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
- ESMA: Guidance on accounting implications of covid-19 – 25/03/2020; Accounting implications of the Covid-19 outbreak on the calculation of expected credit losses in accordance with IFRS 9 – 25/03/2020; Recommended actions for financial market participants; Securities Market and Stakeholders Group initiative report on measures relating to the Covid-19 crisis; ESMA requires net short position holders to report positions of 0.1% and above
- European Commission: Page on EC Covid-19 response
- FCA (UK): Announcement of preliminary accounts: technical Q&A for firms; Information for firms on Coronavirus (Covid-19) response; Moratorium on corporate reporting
- FRC (UK): Advice to companies & auditors on coronavirus risk disclosures; Guidance on audit issues arising from the Covid-19; AGMs and impact of Covid-19
- German Ministry of Finance: Tax measures to take into account the effects of the coronavirus (Covid-19 / SARS-CoV-2)
- Hellenic Accounting and Auditing Standards Oversight Board: Guidance on Covid-19 (coronavirus)
AccountancyEurope – practical recommendations for SMEs:
- 15 actions for governments to protect European SMEs
- Five key steps for accountants to guide SMEs through the crisis
- Implications on reporting and auditing
- Web hub of coronavirus resources for European accountants populated by AccountancyEurope members, regulators, firms and others.
Ireland
Revenue Commissioners
Government assistance
BDO Ireland
Mazars Ireland
Grant Thornton Ireland
KPMG Ireland
Deloitte Ireland
PWC Ireland
EY Ireland
National governments
Australian Audit & Assurance Standards Board: The Impact of coronavirus on financial reporting and the auditor’s considerations
Hong Kong SAR – information hub
Singapore government – information hub
International travel advice
US Department of State travel updates
Business impact
SME Financial Management Toolkit
Performance and financial management: key factors for SMEs’ survival in a volatile environment
Good practice checklist for small business
McKinsey – implications for business
Chartered Accountants ANZ – guidance and resources
PwC – global export of services
BDO Ireland – Managing your business in uncertain times
International Chamber of Commerce (ICC) SOS campaign website
The Big Four provide briefing on Covid-19 disruption:
UK business support
UK government advice for business
UKTI Trade & Investment webinars
Institute of Directors advice and resources
Federation of Small Businesses (FSB) – guidance on business continuity plans
Healthcare advice for employers and support for businesses
ACCA and its firms sharing their messages:
Farnell Clarke, flinder, Carl Reader and Ad Valorem
Employment law: what's the priority for employers?
Measures to support businesses experiencing increases in costs or financial disruptions – grants
Coronavirus considerations and audit
Remote working – some practical advice
Prompt payment – good news for small businesses
Measures to support businesses experiencing increases in costs or financial disruptions – loans
Time to pay arrangement for outstanding tax liabilities
Claiming SSP for a SME self-employed director
Work from home – policies and guidance
Sage's coronavirus support hub for its one million UK business clients
Chartered Institute Of Credit Management – managing credit in a crisis checklist
Capital and financial markets
UK Finance: Banking and finance industry ready to respond to concern of customers
Bank of England outlines measures responding to economic shock
Report detailing likely effect on banking and capital markets