IOSCO issues statement on Importance of Disclosure about COVID-19
04 June 2020
The International Organization of Securities Commissions (IOSCO) has issued a statement emphasising the importance of fair disclosure about COVID-19 related impacts in issuers’ financial statements. The public statement discusses the various areas of financial statements that will be likely impacted by COVID-19 and expectations concerning disclosures and the use of non-GAAP financial measures / alternative performance measures (APMs).
The statement may be accessed here.