The assessment of going concern is a complex and contentious issue for the auditor sometimes. No client wants their audit report modified in respect of going concern but many companies are still living in uncertain times! The first part of the battle is to ensure that the client is meeting the requirements of FRS102/ISA1 in […]

Nice of the Financial Reporting Council to give us an early Easter present! The first thing in my inbox this morning was the announcement of the revisions to FRS 102, which are effective for p/c on or after 1 Jan 2026. The biggest changes are to revenue and leasing, as previously suggested. A nice three […]

When assessing the size of a company or group, it can be easy to focus on levels of turnover and gross assets causing the calculation of employee numbers to slip through the net. The requirements for the calculation of employee numbers are outlined in s.382(6) and 384A(7) of the Companies Act 2006. To calculate average […]