Evidence requested in going concern inquiry

EVIDENCE COLLECTORS have requested submissions for the Sharman Inquiry, an investigation into going concern assessments led by the Financial Reporting Council.

Companies and auditors with experience of going concern and liquidity risks in difficulty have been asked to contribute in an effort to capture the lessons of the financial crisis.

Subjects up for discussion include: the transparency of going concern and liquidity risk; company assessments; the auditor’s approach; and feedback on the guidance issued to directors at the height of the crisis.

Stakeholders have until 30 June to contribute.


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