Impact of COVID-19 on Year-End Financial Reporting: Considerations for Controllers and Chief Accounting Officers

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The COVID-19 pandemic continues to be, first and foremost, a public health emergency of enormous proportions. The humanitarian cost to our communities, our country and the world is vast. As we work together to address the threat to personal and public safety from the pandemic, companies face significant challenges to manage through the volatility, placing additional pressures on the finance and accounting function. Business implications, such as achieving revenue goals, adjusting costs, moving to a mobile workforce, managing supplier continuity, maintaining liquidity and forecasting future performance all need to be addressed.

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