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14 Aug 2008
Auditors are meeting with clients earlier to focus on their financing arrangements and making sure they can continue as 'going concerns'.
The credit crunch has increased the risk of companies facing liquidity issues and auditors were talking to clients earlier than normal to avoid any shocks, reported the FT.
'For many companies there is a level of consideration we didn't have a year ago,' said Deloitte national technical partner Martyn Jones.
Accountancy Age revealed today that firms have begun ‘summer schools’ to educate junior auditors about warning signs to look for in failing companies.
Further reading:
Firms run 'summer schools' on how to spot companies in trouble
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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