New accounting and human resource challenges as a result of the coronavirus have become a reality for corporate finance leaders. The pandemic and the related economic downturn have created complex accounting issues and require new judgments that companies have not faced before.
In addition, the challenges of new accounting standards have become even more daunting in this environment, as implementation of CECL, revenue, and leases are still on the short-term horizon for many companies that may not have the resources to do the work.
