Post-Covid 19, climate change impacts, to achieve Sustainability Development Goals by 2030, wars, political Instability, food security issues, changes in rules and regulations, white collar crime, economic crisis, increase in unemployment rate and rising prices of goods and services are some of the critical events that are impacting life of many people in the world. Using as examples, THREE of the events mentioned here as the issues being addressed, discuss how businesses can deliver and report business activities and resources consumption, responsibly in their recognition and measurement of the following: Assets Liabilities Equities Revenues Expenses