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,
‘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.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Two new audit partners have been appointed at the firm BDO in its audit practice following continued growth and investment
Investment in people, tech and businesses impacts on EY's profit per partner figure
If businesses do not take cyber security seriously in their business planning regulators may do it for them, the ICAEW has warned