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With the results of the 2020 US election decided, it appears that Democrats will retake the White House and maintain control of the House - although control of the Senate will remain undecided until January 2021. While considering the potential tax, regulatory, and trade implications of the US election, many organizations continue to be challenged by the economic and human effects of the COVID-19 pandemic.

In this environment, many companies are looking to increase liquidity, including through restructuring programs, lease renegotiations, or strategic disposals of assets or businesses, and in some cases are considering the abandonment or sublease of unused real estate. We discuss accounting considerations for each of these in this edition.

Listen to this edition of The quarter close as we highlight these and other relevant accounting and reporting topics you should consider as we close-out 2020 and begin the year-end financial reporting season.

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