Supply Chain Disruptions: Accounting & Auditing Considerations

Global logistics disruptions have impacted many entities. Supply chain disturbances ripple through all sectors of the economy, derailing procurement of materials and production processes, and curtailing transportation and logistics capacity. In addition to shutdowns of ports and factories, labor shortages compound the supply chain disruptions. Accounting and auditing issues can result from these disruptions. Auditors may want to consider the extent of these issues as they relate to their clients as well as what may go wrong as they factor