IFRS | Accounting Implications of the Conflict in Ukraine

The Grant Thornton International IFRS team has published the document Accounting Implications of the Conflict in Ukraine.

In light of the latest conflict in Ukraine, including the introduction of wide-ranging sanctions against certain Russian companies and individuals, entities need to carefully consider the accounting implications of this situation.

The publication considers the financial reporting impact of the conflict as at December 31, 2021 and subsequent year-ends as well as determining the importance of assessing going concern.