This non-authoritative AICPA Governmental Audit Quality Center (GAQC) practice aid provides frequently asked questions (FAQs) and topics related to the COVID-19 pandemic to assist both preparers of governmental entity financial statements and practitioners performing audits of those financial statements. General accounting, auditing, and reporting matters related to COVID-19 include:
Subsequent events
Management's discussion and analysis
Going concern
Fair value of investments
Capital asset impairment
Extraordinary and special items
Auditor-specific and auditor-reporting matters