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IFRS accounting impacts of tariffs
This publication highlights some of the financial reporting implications of the challenges of evolving tariffs and market volatility.
Entities need to consider the effects of current trade policy and tariffs on their accounting and financial reporting. This includes determining whether the potential risk factors associated with tariff exposure, material risks to financial performance or other factors are significant enough to warrant disclosure.
Entities need to closely monitor developments and determine the implications for their businesses and their internal control over financial reporting.