Blog categorized as Current Affairs

Why would you use Spreadsheets for your forecasting when Forecast 5 is at your fingertips?

At Forecast 5 we look past the spreadsheets and show you the benefits of moving towards a more reliable budgeting and forecasting solution.

17.04.24 07:58 PM - Comment(s)

Massive audit failures, a record fine, and a suggestion

By Caroline

In March 2017 KPMG signed an unqualified audit report for Carillion plc for the 2016 financial year, just as they had previously for the years 2014 and 2015.

In July and September 2017, Carillion announced provisions of £1.045billion primarily arising from expected losses on seve...

20.10.23 05:02 AM - Comment(s)

Going Concern Assessments - Use the right forecasting tools for the job!

By Caroline

In Edition 27 of Chartered One we considered the different interpretations of the Going Concern Statement required under IFRS and FRS, pointing out that both the FRC and the ICAEW had issued guidance during 2020....

17.10.23 01:58 AM - Comment(s)

Quick, Responsive Forecasts and the Going Concern Assessment

By Caroline

In a business world of uncertainty, one thing is for sure: if management signs off on financial statements describing their company as a going concern, heads will roll if it folds in six months...

15.10.23 12:54 AM - Comment(s)