The Consultative Committee of Accounting Bodies (CCAB) has issued an 8-page joint statement to the profession following the ‘recent and on-going developments in Ukraine’.
The position is fluid and fast moving and the CCAB therefore considers it timely to remind members of their professional obligations. Whether in practice or in business it said members must comply fully with their legal and professional obligations relating to the sanctions regimes in their respective jurisdictions.
CCAB pointed out that it also expects accountants will be willing to play their part in helping non-sanctioned companies across the economy cope with any consequent disruptions.
You can read more in the latest PQ magazine out now: https://issuu.com/pqpublishing/docs/april_2022_combined