This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

Financial Reporting Alert 15-2, Financial reporting implications related to regions experiencing economic struggles

Published on: Sep 30, 2015

Economic conditions in various parts of the world continue to be volatile. This financial reporting alert from our US firm discusses certain key accounting and financial reporting considerations related to the current economic conditions in regions with significant economic uncertainty or volatility. It is divided into the following four sections:

  • Broad Financial Reporting Considerations
  • Financial Instruments
  • SEC Reporting and Disclosure Considerations
  • Income Tax Considerations
The alert also contains two appendices. Appendix A summarizes additional financial reporting implications that would result from a country’s decision to exit the eurozone. Appendix B outlines certain disclosures recommended by the SEC staff in 2012 about European sovereign debt.



Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.