UKRAINE / RUSSIA: Relevant Announcement and Publications regarding Accounting and Audit Risks
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- 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.
- 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.
- 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.
- 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.
CCAB (Consultative Committee of Accountancy Bodies)
- March 2: CCAB joint statement to the profession following recent and on-going developments in Ukraine
Chartered Accountants Ireland
ICAEW (The Institute of Chartered Accounts in England and Wales)
- 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)
JICPA (The Japanese Institute of Certified Public Accountants)
- April 7 : Audit Considerations for the Fiscal Year Ended March 31, 2022 (Summary) (Regarding audit responses in light of the current international situation surrounding Ukraine)
- 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.
- 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.