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Brexit – Financial reporting implications
Brexit – Financial reporting implications
Our briefing document addresses the initial accounting and reporting impacts.
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.
© 2019 KPMG IFRG Limited is a UK company, limited by guarantee. All rights reserved. KPMG IFRG Limited, registered in England No 5253019. Registered office: 15 Canada Square, London, E14 5GL, UK.
KPMG International Cooperative (“KPMG International”) is a Swiss entity. Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.
