Financial reporting in an era of economic volatility: What boards and audit committees must do

At the recent Philippine Institute of Certified Public Accountants Metro Manila Region (PICPA MMR) International Conference in Toronto, Grant Thornton highlighted how economic volatility is reshaping financial reporting. The message is clear: uncertainty now affects many of the judgments, estimates, and disclosures behind financial statements. Risks, such as inflation, policy changes, geopolitical tension, supply chain […]