ACCOUNTING IN TIMES OF UNCERTAINTY

Factors such as the COVID-19 pandemic, evolving geo-political risks, energy supply shortages, and inflationary pressures are leading to an uncertain economic environment. There are numerous accounting implications across multiple areas such as going concern assessments, judgements and estimates, impairment of non-financial assets, etc. BDO's IFR Bulletin discusses many of these implications. The publication may be accessed here: