Understanding going concern

On this page we provide guidance designed to help users and other stakeholders better understand the concept of going concern and the associated disclosures made by management and auditors.

COVID-19 and going concern – Guidance for Directors of SME Businesses

18-05-2020

Why going concern is important for the accounts and how to make the assessment.

Coronavirus: understanding audit reports

16-04-2020

While COVID-19 will affect businesses in different ways and to different degrees, it is likely to have a significant impact on audit reports on company financial statements for the foreseeable future.