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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.



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