Financial reporting and accounting in a downturn: PricewaterhouseCoopers advises



    
    PricewaterhouseCoopers podcast series explores key issues to help
    businesses manage in a downturn: www.pwc.com/ca/strategytalks
    

    TORONTO, April 9 /CNW/ - Current market conditions have resulted in
additional challenges for companies in preparing their financial statements
and related disclosures including asset impairments, valuation issues and
liquidity disclosures. Yet, at the same time, users of financial information
and regulators are seeking increased transparency in financial statements and
related disclosures to understand the risks and business issues companies
face.
    To help companies learn more about financial reporting and accounting in
turbulent times, PricewaterhouseCoopers (PwC) in Canada launched the fifth
podcast in the Strategy Talks series today. Titled, The Recession's Impact on
the Accounting World, the podcast will explore key accounting related issues
and share strategies companies can use to address them through feature
interviews with PwC thought leaders.
    In The Recession's Impact on the Accounting World, Dean Mullet, co-lead
of the Restructuring and Distress Strategy Group and the Credit Crisis Task
Force at PwC, and Helen Mallovy Hicks, a partner in the Valuations group of
PwC's Advisory Practice, speak with Michael Walke, PwC's Audit and Assurance
Group Credit Crisis leader.

    
    Some questions Michael will answer include:

    -   What are some of the key accounting related issues that companies are
        dealing with in these uncertain times?
    -   Is a down economy a good time to work with an external accounting and
        financial reporting advisor?
    -   What are some of the tools and resources PwC is using to help
        businesses deal with accounting issues?

    The Strategy Talks podcasts will continue over the coming weeks and months
and can all be found at pwc.com/ca/strategytalks.

    Recent podcasts include:

    -   Surviving the Economic Crisis: PwC's Perspective
    -   Restructuring in a Down Economy
    -   How Will a Recession Affect the Value of My Business?
    -   Why Cash is King in a Tight Economy
    

    PwC Economic and Credit Crisis Task Force

    PwC recognizes that a global crisis requires a global and coordinated
view.
    The PwC Economic and Credit Crisis Task Force (the "PwC Task Force")
brings together a Canadian team of senior cross-functional experienced
practitioners who understand market volatility and the diverse challenges
facing companies today. By leveraging knowledge, experience and networks, the
PwC Task Force can advise and guide Canadian companies through a multitude of
capital market and economic crisis issues.
    PwC thought leaders are available for individual interviews and briefings
on the topics found within the podcasts. For more information please contact
Carolyn Forest, carolyn.forest@ca.pwc.com, 416 814 5730.

    PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance,
tax and advisory services to build public trust and enhance value for its
clients and their stakeholders. More than 155,000 people in 153 countries
across our network share their thinking, experience and solutions to develop
fresh perspectives and practical advice. In Canada, PricewaterhouseCoopers LLP
(www.pwc.com/ca) and its related entities have more than 5,200 partners and
staff in offices across the country.
    "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario
limited liability partnership, or, as the context requires, the
PricewaterhouseCoopers global network or other member firms of the network,
each of which is a separate and independent legal entity.





For further information:

For further information: Carolyn Forest, PricewaterhouseCoopers LLP,
(416) 814-5730, carolyn.forest@ca.pwc.com; Nina Godard, PricewaterhouseCoopers
LLP, (416) 941-8383 x 13520, nina.godard@ca.pwc.com

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