It's not just British businesses that will be affected by the short-term uncertainty and volatility arising from the UK’s vote to leave the EU. Businesses outside the UK with significant exposure to the UK market will need to consider how their financial statement estimates, judgements and disclosures will be affected.

KPMG's Audit Committee Institute in the UK has produced a briefing document that addresses the initial accounting and reporting impacts of the referendum outcome. The briefing is written from the perspective of audit committees of British companies, but the issues for consideration are generally relevant also for groups outside the UK that are impacted by the referendum.