PracticeAuditSMEs encouraged to review fair value

SMEs encouraged to review fair value

Small businesses urged to review assets and risks well before year end by ACCA chief

SMEs have been advised to get early agreements on the valuation of their
stock and all ‘fair value’ items on their balance sheet, by Allen Blewitt, ACCA
chief executive.

He recommends small and medium sized enterprises plan ahead keeping a tight
reign on their cashflow and a cool head in the current climate.

‘While it is tempting to worry about the global situation, a level and
sensible approach is needed during these turbulent times,’ he says on the
BBC
business website.

In particular he advises SMEs with December year ends to start thinking about
the value of their assets now and revisit their risk register and whether
measures to mitigate risk are still valid.

Related Articles

PwC replaces EY as Domino's auditor

Audit PwC replaces EY as Domino's auditor

4d Alia Shoaib, Reporter
The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

Audit The ‘uncomfortable truth’ behind FRC’s Big Four fines recommendations

1w Carl Johnson, Stephensons
BDO holds off Big Four to retain top position as AIM auditor

Audit BDO holds off Big Four to retain top position as AIM auditor

2w Alia Shoaib, Reporter
FRC urged to fine Big Four firms penalties over £10m

Audit FRC urged to fine Big Four firms penalties over £10m

3w Alia Shoaib, Reporter
EY to audit Standard Chartered bank

Audit EY to audit Standard Chartered bank

1m Alia Shoaib, Reporter
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2m Emma Smith, Managing Editor
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
Top 50+50: Firms post significant growth in new tax and audit rankings

Audit Top 50+50: Firms post significant growth in new tax and audit rankings

2m Emma Smith, Managing Editor