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Podcast overview
KPMG professionals discuss highlights from the 2022 AICPA and CIMA conference on financial reporting impacts from current economic uncertainty.
Applicability
- All companies
Key impacts
KPMG professionals discuss how today’s economic uncertainty, including inflation and the pending recession, impacts certain business contracts and impairment of nonfinancial assets.
Podcast contents
- 00:25 – Introductions
- 01:15 – Reassessing and modifying certain contracts
- 01:55 – Types of modifications and related considerations
- 03:25 – Share-based payments modifications
- 05:20 – Financial reporting implications of current inflationary environment
- 06:40 – Other areas impacted by inflation
- 08:35 – Impairment considerations
- 10:45 – Q4 assessments
- 12:15 – Asset testing sequence
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2022 AICPA & CIMA Conference
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Meet our team
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Dan Langlois
Partner, Dept. of Professional Practice, KPMG US
Angie Storm
Deputy Chief Accountant, Dept. of Professional Practice, KPMG US
Nick Tricarichi
Partner, Dept. of Professional Practice, KPMG US
John Barbagallo
Managing Director, Dept. of Professional Practice, KPMG US
Dan Langlois
Partner, Dept. of Professional Practice, KPMG US
Angie Storm
Deputy Chief Accountant, Dept. of Professional Practice, KPMG US
Nick Tricarichi
Partner, Dept. of Professional Practice, KPMG US
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