RegulationRegulatory BodiesEvidence requested in going concern inquiry

Evidence requested in going concern inquiry

Call for evidence in Sharman 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.

 

Related Articles

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
Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

Accounting Standards Ex-RSM Tenon CEO fined; ex-FD and PwC face complaints over its accounting

12m Kevin Reed, Writer
Sports Direct implements FRC corrections in annual reporting

Accounting Standards Sports Direct implements FRC corrections in annual reporting

1y Stephanie Wix, Writer
CIIA appoints ex-FRC chief Paul Boyle as president

Company News CIIA appoints ex-FRC chief Paul Boyle as president

1y Stephanie Wix, Writer
FRC appoints former ICAEW president to its board

People Practice FRC appoints former ICAEW president to its board

1y Stephanie Wix, Writer
Watchdog launches audit investigation into Sports Direct

Accounting Firms Watchdog launches audit investigation into Sports Direct

1y Stephanie Wix, Writer
Record fine for Deloitte and audit partner over Aero misconduct

Accounting Standards Record fine for Deloitte and audit partner over Aero misconduct

1y Stephanie Wix, Writer
Cashflow statement improvements targeted by watchdog

Accounting Standards Cashflow statement improvements targeted by watchdog

1y Stephanie Wix, Writer