What you need to know about the business impact from the Russia-Ukraine war
Addressing urgent economic challenges: Support for members, students and the profession
AICPA & CIMA stand with the people of Ukraine and support governments in implementing economic and trade sanctions. We are deeply saddened by what is happening in Ukraine, and we hope for a swift and peaceful resolution.
Our priority is to provide high-level overviews, tools and resources to our members, students and all accounting and finance professionals. We will continue to monitor the situation and work around the clock to get you information as quickly as possible.
This resource center will provide updates with FAQs, articles, links to vetted charities and information about the legal ramifications from sanctions, including membership renewals and testing.
Please check this website regularly.
Impact on Accounting and Finance ProfessionalsCPA cybersecurity checklist
Use this resource to find a list of steps your firm can take to keep your firm from being as easy target.Professional responsibilities in data security for tax professionals
Safeguarding your client’s data is paramount. Use these laws and guidelines to help you help your clients.Navigating the Ukraine conflict
Management accountants need to identify and prepare for a wide range of risks as the Ukraine crisis continues. Here are some resources to help.How to prepare for cyberattacks at a time of heightened threat
A cybersecurity expert describes what accountants should be doing to protect their firms, companies and clients from the increased threat of Russia-backed cyberattacks.Finance leaders do more than cost cuts to battle elevated input prices
Companies renegotiate terms, diversify sourcing, and focus on adding value and expanding markets to stave off rising input prices in this inflation environmentHow to keep Ukrainian donations safe from fraudsters
Taking the time to research charities can help donors make certain that their donations are being used for the intended purpose.CGMA cybersecurity tool: Risk, response and remediation strategies 2021
An expanded tool for the risk leaderEnterprise Risk Management insights for the finance risk leader
Enterprise Risk Management insights for the finance risk leaderAccounting for and auditing of Digital Assets practice aid (PDF)
The Digital Assets Working Group developed a practice aid, which includes vital information for professionals on how to account for and audit digital assets.U.S. Department of the Treasury – Frequently Asked Questions
Search questions regarding financial sanctions
Impact on Businesses and EconomiesUS states divesting from Russia
A number of US states have taken their actions designed to divest and distance themselves from Russia.Enterprise Risk Management insights for the finance risk leader
Enterprise Risk Management insights for the finance risk leaderBusiness leaders adjust to Ukrainian conflict's economic shocks
Russia's invasion of Ukraine this week sent shock waves around the world. Accounting and finance professionals are now bracing themselves for economic shocks that are sure to follow.How ERM and concentric circles can help manage crisis-related risk
Considering emerging risks can aid in strategic decisions. Organizations with well-executed, integrated ERM programs are better prepared to handle emerging risk related crises.
Guidance for Doing Business (Russia, Belarus)Interactive list: Economic measures taken against Russia
Numerous sanctions have been levied against Russia since its invasion of Ukraine. Here is an interactive list of measures that are buffeting the Russian economy and could have significant effects throughout the world.Office of Foreign Assets Control - Sanctions Programs and Information
The Office of Foreign Assets Control ("OFAC") of the US Department of the Treasury administers and enforces economic and trade sanctions based on US foreign policy and national security goals against targeted foreign countries and regimes, terrorists, international narcotics traffickers, those engaged in activities related to the proliferation of weapons of mass destruction, and other threats to the national security, foreign policy or economy of the United States.
Press ReleasesAICPA & CIMA stand with the people of Ukraine
The Association of International Certified Professional Accountants strongly condemns the actions taken by the Russian government.AICPA & CIMA announce suspension of services in Russia and Belarus
AICPA & CIMA will suspend indefinitely services in Russia and Belarus.US sanctions ban provision of accounting, consulting services to Russia
Expanded U.S. government sanctions against Russia in response to the war in Ukraine include a ban on accounting and management consulting services by U.S. citizens.