For calendar year public companies, the Q1 earnings release, investor and analyst calls and quarterly report on Form 10-Q loom on the near horizon. Since late March, the SEC Chairman and senior staff members have issued a significant amount of highly specific guidance intended to focus companies on what they see as the key disclosure challenges to be met, including a call for as much forward-looking information as possible about the impact of the COVID-19 pandemic. In this Alert we provide a checklist of disclosure considerations to help company management, in the first instance, and audit committees and boards in an oversight role, address the uncertainties all companies are facing.
Getting Ready for Q1 Reporting: Addressing the Uncertainties of COVID-19
SEC Staff Brings Down its Q1 COVID-related Reporting Guidance for Q2: Focus on Liquidity and Capital Resources, CARES Act Assistance, Ability to Continue as a Going Concern and High-Quality Financial Reporting
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