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Accountants tally Brexit effect in financial statements

Tammy Whitehouse | September 16, 2016

Now that the shock of the British move to exit the European Union is settling into reality, companies need  to carefully consider how they might be exposed to new risks to assure they are reflected in the company’s accounting and financial reporting.

PwC published an alert soon after the stunning Brexit vote saying companies can expect near term and long-term issues with currency and stock market volatility, import-export uncertainty, changes in UK and EU growth rates, deregulation, and immigration issues. After a few months of considering the possible fallout effects, Beth Paul, a partner...

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