Assurance Services

Financial reporting considerations in periods of uncertain economic conditions

insight featured image

From inflation to rising costs to interest rates, current economic conditions in Canada are contributing to a business landscape full of uncertainty. This not only presents operational challenges, but will significantly impact the preparation of financial statements, particularly those that rely heavily on forward-looking estimates and projections.

This publication identifies key financial reporting areas that entities should consider when evaluating the impact of current economic headwinds on their business and financial statements.