IFRB 2023/11 Accounting in Times of Uncertainty

Factors such as the evolving geo-political risks, energy supply shortages, rising energy prices 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 Bulletin also discusses some of the reporting implications of climate-related matters on the financial statements.