UKRAINE / RUSSIA: Relevant Announcement and Publications regarding Accounting and Audit Risks
This page will be updated on an ongoing basis so please check back regularly for the latest information. Please contact the Secretariat at secretariat@ifiar.org if your organization has published similar information so it can be included below.
Any views and opinions expressed within are those of the authors and do not reflect any official policy or position of IFIAR.
Members
Poland
2022
- December: PANA published its Selected issues in the audit of financial statements for 2021 with particular emphasis on the impact of the war in Ukraine.
- March 18: PANA released a report on Selected Issues in the Audit of Financial Statements for 2021, with particular emphasis on the impact of the war in Ukraine.
South Africa
2022
- March 30: IRBA published a newsletter relating to the Implications of the Current Developments in Ukraine and Russia on Audits and Auditors in South Africa.
United States
2022
- March 31: PCAOB released a staff Spotlight document, Auditing Considerations Related to the Invasion of Ukraine. The Spotlight highlights important considerations for auditors of issuers and broker-dealers as they plan and conduct audits in this evolving environment.
International Organization
ESMA
2022
- March 14: ESMA published a Public Statement on the impacts of the Russian-Ukrainian crisis on the EU financial markets, which illustrates the supervisory and coordination activities undertaken in this context and contains recommendations to issuers.
- May 13: ESMA published a Public Statement on the implications of Russia’s invasion of Ukraine on half-yearly financial reports.
Professional Bodies
ACCA
2022
Accountancy Europe
2022
CCAB (Consultative Committee of Accountancy Bodies)
2022
- March 2: CCAB joint statement to the profession following recent and on-going developments in Ukraine
Chartered Accountants Ireland
2022
ICAEW (The Institute of Chartered Accounts in England and Wales)
2022
- Ukraine crisis: central resource hub
- March 24: Ukraine crisis: the impact on group auditors
- March 22: Ukraine crisis: how firms need to react
- March 17: Audit guidance in response to Ukraine crisis
- March 15: War in Ukraine: the auditing implications
- March 15 : War in Ukraine: the corporate reporting implications
- March 7: Ukraine: top firms respond
- March 4: Russia sanctions: reputational risk cannot be overstated
IDW (Institut der Wirtschaftsprüfer)
2022
JICPA (The Japanese Institute of Certified Public Accountants)
2022
Firms
Deloitte
2022
- March 17: IFRS in Focus – Financial reporting considerations related to the Russia-Ukraine War
- March 15: Assessing Accounting Impacts From the Russia-Ukraine War (The Wall Street Journal)
- May 24: Deloitte announced that they would exit Russia and Belarus.
KPMG
2022
- March: Accounting implications of the war in the Ukraine
- June 8: The Russia and Belarus firms have formally left the network and ceased to be KPMG member firms on 8 June 2022.
PwC
2022
EY
2022