TO ALL MEMBERS OF THE INSTITUTE
Subject: Implications of the conflict between Russia and Ukraine on financial reporting and auditors' work tailored to Cyprus reality
On the basis of the current situation between Russia and Ukraine, the Institute of Certified Public Accountants of Cyprus (ICPAC) wishes to provide guidance on the effects on the financial statements for reporting periods ending on 31 December 2021 and with a year-end after the event took place as well as the impact on the auditors’ work thereon.
Please follow this link to access the technical circular.
The table of technical circulars has been updated accordingly. Please follow this link to access the document.