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Podcast: Economic uncertainty impacts financial reporting

01.20.2023 | Duration: 14:48

We share financial reporting highlights from the 2022 AICPA and CIMA conference.

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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.


  • 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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