Thursday 18 June 2020


12:00 pm


3.0 CPD/CPE hours

Masterclass Topic

Understanding the financial reporting implications of COVID-19

The 30 June reporting season will bear the full brunt of COVID-19.

To add to the complexity, accountants and auditors have been deluged with information. Are you prepared?

Now is time to bring COVID-19’s financial-reporting and auditing risks into sharp focus, especially with 30 June coming up.

Join the GAAP Consulting team as we make sense of it all – saving you time and money.

This two-part GAAPinar will address applying more than 20 accounting standards that require consideration in the COVID-19 environment, including:

  • Impairment
  • Leases
  • Fair value
  • Government assistance
  • Capitalisation of borrowing costs
  • Going concern
  • Disclosures
  • Revenue recognition, and
  • Interim reporting

This GAAPinar will also cover:

  • Guidance provided by the Australian Accounting Standards Board and other standard-setters
  • Messages from the regulators – ASIC, ACNC, and APRA
  • Special-purpose financial statements
  • Regulatory matters – solvency statements, continuous disclosure, Operating and Financial Reviews, and non-GAAP performance measures, and
  • FAQs.

When: Thursday 18 June

  • Part 1: Noon to 1:30pm
  • Part 2: 2:30pm to 4:00pm

Recordings are provided within 24 hours for later viewing or if you can’t attend at the designated time or you need a refresher.


This Masterclass is presented by:

Corporate Headshot

Carmen Ridley

Principal | Australian Financial Reporting Solutions

Carmen has an excellent knowledge of financial reporting through significant experience with a number of major accounting firms in both the external audit and technical divisions and spending significant time analysing and interpreting accounting standards for clients.

Carmen is a former Board member of the AASB (2012 – 2020) and a former member of the IFRS for SME implementation committee (2020 – 2023).

Colin Parker

Principal | GAAP Consulting | Financial Reporting Expert

Colin, Principal of GAAP Consulting, is an expert in financial reporting, auditing and related governance issues, and was previously a member of the Australian Accounting Standards Board.

He has conducted many independent expert and consulting experts reports on professional negligence, and accounting and auditing standards. He is the team leader advisory and litigation services and adviser to GAAP Training and Reportfraud.