How are companies affected by new and amended accounting regulations?

A new or amended accounting standard means more than just regulations that need to be followed. Income statement and balance sheet items, and key ratios can also be impacted. BDO’s corporate advisers will collaborate with you in reviewing agreements and other documents to calculate the impact the new accounting regulations will have on your business. We also ensure that the effects of the new or amended standards are presented correctly in your financial statements and that the correct information is presented. It is important to recognise that regulations are continually evolving. If your business lacks the resources to stay on top of these changes, we can keep you informed about the latest updates to accounting methods and standards that you will need to implement.