The COVID-19 pandemic and government interventions to mitigate its effects have both immediate and on-going financial impacts. The nature and scale of these interventions vary widely across jurisdictions, as will their longer-term impacts.

To help governments understand the impact of general types of interventions at different points in time for decision making purposes, IFAC and ZHAW, with IPSASB as a Knowledge Partner, created this COVID-19 Intervention Assessment Tool. The Tool provides an immediate way of evaluating the financial impacts of current and planned policy initiatives, and can be used independently of where a jurisdiction is on the path to full accrual.

Today the IAASB released COVID-19 pandemic-related guidance on Review Engagements on Interim Financial Information. This guidance may help auditors in the current uncertain and evolving environment.

Before an organization can measure, track, and communicate on its value, it is important to understand value creation and enable a value creating business model. 

This can be achieved through a management process of defining, creating, delivering, and sustaining value. This report examines the process of creating and maintaining value in great depth. It also serves to supplement the report The CFO and Finance Function Role in Value Creation.

This report sets out current thinking on how CFOs and their finance teams can account for and communicate value creation for internal and external stakeholders.

This thinking enables CFOs and their teams to focus on: