Blog tagged as Going Concern

The Carillion collapse exposed KPMG’s audit failures. What lessons are to be learnt and how do we prevent this for accurate going concern assessments

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....

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...