Subscribe to our newsletter
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.
Shared by Reuters
March 04, 2019
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.