This update provides an overview of the most significant pronouncements, standards and advisories that have resulted from actions of regulatory bodies. We focus on the most significant issues that impacted the economy, accounting and auditing profession in Q4 of 2022 as well as trending areas important to the accounting profession.

These updates are provided by Illumeo as a benefit to professionals to help understand some of the most prevalent issues that may need to be focused on in the coming months.

2022 was a challenging year from both a business and economic outlook.
• Inflation continues to rise
• Cost of living has escalated
• Political unrest continues its instability
• National border issues threaten health and safety of U.S. citizens
• Food prices and supply chain issues still exist
• Supreme Court rulings are testing voters
Will 2023 be any better/worse? Time will tell.

Information for this presentation is taken from leading practice publications and does not reflect the opinion of Illumeo or the speaker.