With the increasing pressures of climate change, Regulators and investors now more than ever want to understand the impacts of climate change on your organisation and what you are doing to manage the risks that the climate change poses. It is becoming evident that climate change will have a true economic impact on the value of an organisation.

The recent outbreak and spread of the coronavirus has now disrupted many businesses globally and has had a significant impact on financial markets. This publication focuses on the potential accounting and financial reporting implications of coronavirus that management should take into consideration when preparing the financial statements for the year ended 31 December 2019. Different considerations will apply for later accounting periods e.g. for financial statements for periods ending 31 March 2020 or other accounting periods with a reporting date subsequent to the outbreak taking place.