Not least due to Rus­sia's war of ag­gres­sion in Ukraine, the so­cial, po­li­ti­cal and eco­no­mic si­tua­tion in Ger­many and the rest of the world is tense. Com­pa­nies are ha­ving to cont­end with high in­fla­tion ra­tes, a shor­tage of workers and skil­led workers, supply chain dif­fi­cul­ties and the ex­pec­ted re­ces­sion. These chal­len­ges lead to great un­cer­tain­ties and risks, which also af­fect IFRS re­por­ting. In this is­sue of the no­vus IFRS, among other things, we ex­amine the tech­ni­cal ad­vice from the IDW and ESMA, which pro­vide com­pa­nies with spe­ci­fic as­sis­tance with ac­coun­ting and re­por­ting in this un­cer­tain en­viron­ment.

In this edi­tion of no­vus IFRS, we pre­sent the tech­ni­cal gui­dance publis­hed by the IDW on the im­pact of the war in Ukraine on ac­coun­ting and au­diting as well as busi­ness va­lua­tion.

In this last no­vus IFRS be­fore the end of the year, we in­form you about the chan­ges to the re­verse fac­to­ring pro­ce­dure. In ad­di­tion, we have com­pi­led key dis­clo­sures to be re­por­ted in an EU-IFRS con­so­li­da­ted fi­nan­cial state­ment as of De­cem­ber 31, 2021 with re­gard to stan­dards and in­ter­pre­ta­ti­ons that have al­re­ady been ad­op­ted.