Third-quarter earnings season is here, and the consequences of the coronavirus pandemic on the economy overall and on individual companies are not going away anytime soon. A new report from Deloitte highlights financial reporting and accounting challenges that should be top of mind in this environment.
“Companies need to be proactive in responding to changes in both their internal and external business landscape,” said Eric Knachel, senior consultation partner at Deloitte’s National Office – Accounting and Reporting Services and author of the report. “The mindset is no longer solely about how long this will last but also about what changes are going to be part of the new normal.”
