We are living in a time of profound economic uncertainty. Often, the conditions this creates lead to increased accounting-related fraud and financial reporting issues.

While there are signs that the rate of inflation may be slowing, prices continue to rise around the world. In addition, supply chains are facing severe disruptions, labour forces face great challenges, and interest rates set by central banks are ticking up, leading to elevated borrowing costs for companies.

Lenders are becoming more cautious after an extended period of Covid support measures and high levels of liquidity that have kept troubled companies afloat.