Tuesday, September 23, 2008

PwC DataLine 2008-24: Third Quarter Considerations Given Current Market Conditions

Summary:
Given current market conditions and recent economic events, the third quarter is likely to be particularly challenging from an accounting and reporting perspective for many companies. Although the Financial Services sectors have been especially impacted, all sectors are beginning to feel the effects of the current market conditions. Accordingly, it is important for all companies to consider the range of potential impacts that current market conditions may have on third quarter results and disclosures. This DataLine discusses a number of the issues that we believe should be top-of-mind as engagement teams and management address these challenges.

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