PwC Chair: Premature to Say if Outbreak Could Delay Q1 Reports

It’s too early to tell whether public companies might need extra time to file their first-quarter reports this spring as business disruptions related to the coronavirus outbreak evolve, PwC LLP Chairman Tim Ryan said on Monday.

Companies are just beginning to get their arms around the true impact to earnings and liquidity—even their ability to retain customers and staff in the months ahead, Ryan said.

• Most public companies didn’t need to take advantage of deadline waivers the SEC offered previously for year-end reports. But PwC and other large U.S. accounting firms have been talking to the Securities and Exchange Commission ...