uk iconUK

 

 

 

Tougher 'going concern' scrutiny required of British auditors

Accountants will be required to make deeper checks into whether a company is able stay in business under a proposal by Britain’s audit watchdog following the collapses of Carillion and BHS.

Tougher 'going concern' scrutiny required of British auditors
smsfadviser logo

The Financial Reporting Council (FRC) proposed revising its current rules on Monday so that auditors more robustly challenge a company’s own assessment of being a “going concern”.

Read more at Reuters

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox