Search results with tag "Going concern and liquidity"
Key matters for 2021/22 reports and accounts
www.frc.org.ukeffects of the Covid-19 pandemic, particularly regarding matters such as going concern and liquidity. Where uncertainties identified elsewhere in the corporate reporting signal possible impairment indicators, users need to know how this was taken into account in the impairment reviews. Additional focus should also be given to the
Financial Reporting Council
www.frc.org.uk10. In 2012 the Sharman Inquiry into going concern and liquidity risk concluded that the board’s declaration of whether the company remained a going concern should be more broadly based than is required to determine the accounting approach to be taken. 11. Taken together, the conclusions of the two reports can be summarised as:
Technical Factsheet 187 - ACCA Global
www.accaglobal.comGoing Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009 (October 2009) requires within para 14 that the directors of a company evaluate which one of three potential conclusions is appropriate to the specific circumstances of the …