A Closer Look

As the COVID-19 epidemic continues to disrupt business, with significant effects on 2020 financial statements expected, stakeholders are working hard to respond to this unprecedented crisis.

Keywords: Mazars, Thailand, Accounting, IFRS, COVID-19, Financial statements

30 June 2020

The "A Closer Look" publication series addresses the current crisis resulting from the COVID-19 pandemic.

The series addresses accounting, financial, and industry-specific areas in regard to preparing financial statements at 31 December 2019 for 2020 accounting reports.

We remain by our clients’ sides, helping them navigate these unprecedented times, and welcome any requests for information.

Focus on

Rent concessions from COVID-19 - A Closer Look

Almost two months after the who declared the COVID-19 epidemic a pandemic, and while lockdown measures and other government decisions seek to provide answers to the health and economic crisis unfolding before our eyes, the business impacts of the disease are already very significant.

IFRS financial statements - A Closer Look

On 30 January 2020, the World Health Organization (WHO) declared a Public Health Emergency of International Concern over COVID-19 outbreak, which was then further qualified as pandemic on 11 March 2020. Containment decisions and announcements of governments’ support to the economies were taken subsequently on different time scales around the world.

Accounting impacts of COVID-19 - A Closer Look

As discussions continued throughout April within the accounting profession, along with national standard-setters, market regulators and business representatives, this study aims to present an update on three key subjects already addressed in our previous supplement: impairment assessment for long-term assets, accounting for State support under part-time working measures, and the presentation of the...

Impacts on 2020 financial statements-A Closer Look

We are not yet in a position to know or to measure all the consequences of the current public health crisis for businesses, whether they be economic, social, etc. However, some effects of the crisis are already making themselves felt on operations, as well as on companies’ financial position and performance, and this has thrown up a number of accounting issues for companies issuing interim financial...