COVID-19 Updates
Welcome to IFIAR’s dedicated page for sharing public information relating to the ongoing COVID-19 pandemic. Please see below for latest information, updates, and developments from IFIAR Members and other regulators. While all Members’ mandates include audit oversight, some Members also have responsibilities related to financial reporting or corporate governance. To ensure the effectiveness of this resource, all publications on this page have been grouped by general type.
This page will be updated on an ongoing basis so please check back regularly for the latest information.
Announcements about Regulators’ Operations
Japan
United Kingdom
- FRC contact details during move to remote working
- March 17: FRC moved to telework status: https://www.frc.org.uk/news/march-2020-(1)/frc-covid-19-update-(1)
United States
Announcements about Audit
Australia
Canada
- March 27: CPAB: COVID-19 audit implications
- March 18: CPAB: COVID-19 audit implications
Europe
- March 25: ESMA issues guidance on accounting implications of COVID-19
- March 25: EBA Statement on the application of the prudential framework regarding Default, Forbearance and IFRS9 in light of COVID19 measures
- March 24: CEAOB emphasises the following areas that are of high importance in view of Covid-19 impact on audits of financial statements
France
- March 20: http://www.h3c.org/fiches/covid19-2.htm
- March 19: http://www.h3c.org/fiches/covid19.htm
The Netherlands
New Zealand
Singapore
United Kingdom
- March 26: Joint announcement with FRC, FCA and PRA with guidance for companies preparing financial statements and guidance for audits
- March 16: press release announcing the issuance of guidance for auditors
Announcements about Financial Reporting and Filing Deadlines
Australia
Europe
- March 27: ESMA – Actions to mitigate the impact of COVID-19 on the EU financial markets regarding publication deadlines under the Transparency Directive
Japan
- February 10: Notice regarding the deadline for submission of annual securities and other reports (English translation provided)
New Zealand
- March 19: Announced reporting deadlines extended by two months for NZX listed companies affected by COVID-19
Philippines
United Kingdom
- March 26: Joint announcement with FRC, FCA and PRA with guidance for companies preparing financial statements and guidance for audits
- March 23: FRC support for moratorium in corporate reporting
- March 19: Companies’ filing deadline extension
United States
Announcements about Annual General Meetings
United Kingdom
- March 27: FRC guidance about company AGMs and the impact of Covid-19
- March 18: AGMs and impact of Covid-19 guidance note published
Singapore
Announcements from IFIAR
- February 28: Cancellation of IFIAR in-person meetings
- Following local guidance in Tokyo, Japan, the Secretariat remains open as usual with Secretariat staff working from home at this time. The Secretariat can continued to be reached at secretariat@ifiar.org.