Companies have expressed concern that extensive disclosures could unsettle
investors fololowing the
Council’s proposal that directors should lay out clearly any significant
doubts over whether a business was a going concern.
‘We’re wary about rushing on such a key area,’ John Pierce,
Companies Alliance chief executive, told the Financial Times. ‘We
are studying it to determine whether it means a change in substance or in form.
‘If substance, then it could have all sorts of unintended consequences and
perhaps precipitate the demise of a business that, without veiled warnings,
could pull through.’
Some experts question the need for a fourth category in the updated guidance.
‘They could just use the new tougher language and replace the middle one – it’s
not clear why a fourth one is needed,’ Steve Priddy of the
Association of Chartered
Certified Accountants, said.
Mazars has announced the appointment of Michael Tripp as the new head of financial services
A new leader, Darra Singh has been appointed to lead EY’s UK government and public sector practice
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
Revenue and profitability growth in on the rise for CPA firms, found a survey from the American Institute of CPA’s and its subsidiary CPA.com