The danger with writing an article about Brexit at the moment is that it may well be significantly out of date by the time you read it. We may have left the European Union without a deal on 31 October, left with a last-minute deal or delayed our departure for another period. However, while the ongoing political machinations make it impossible to predict where we will be, that is no excuse for companies to park the issue.

Companies preparing their financial statements at the moment should have Brexit uppermost in their minds as it could have wide ranging impacts on business models and, therefore, the financial statements.