Financial Reporting in Uncertain Times – Negative economic conditions, the CARES Act and the SEC

Moderator: Eric Johnson, Ross Stores, Inc.

Speakers:

• Ashby Corum, KPMG LLP
• Angela Evans, Ernst & Young

This session will explore select financial reporting considerations in the current economic environment.  Panelists will discuss financial accounting implications of the recently enacted CARES Act and financial statement disclosures companies should consider as a result of the current conditions.  Panelists will also review select comments the U.S. Securities and Exchange Commission has recently issued to registrants.

Learning objectives:

At the conclusion of this course, participants should be able to:

• Identify financial reporting considerations of the current economic environment
• Account for significant implications of the CARES Act
• Prepare potential tax disclosures related to current conditions
• Understand income tax matters raised in SEC comment letters