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FRC issue draft guidance on going concern for non-Code companies

The FRC has issued an exposure draft of best practice guidance on the going concern basis of accounting and reporting on solvency and liquidity risks for companies that do not apply the UK Corporate Governance Code (‘non-Code companies’).

The guidance is a simplified version of the going concern elements of the FRC’s September 2014 update to the Corporate Governance Code and related guidance, and incorporates recent developments in corporate reporting.

The guidance is not intended for use by small and micro companies although it may function as a useful aid.

The final guidance will replace the Going Concern and Liquidity Risk: Guidance for Directors of UK Companies 2009.
 

FRC issue draft guidance on going concern for non-Code companies
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