Companies raise concerns over signing off on year-end accounts

Firms with a financial year-end of March 31, and those with an upcoming June 30 year-end, are facing the most difficulty, according to experts

26th April, 2020
Companies raise concerns over signing off on year-end accounts
Companies preparing to sign off on accounts with March and June year ends have struggled to assess their ability to continue as a going concern

Auditors have been hit with a flurry of concerns by companies ahead of signing off on year-end financial accounts because of the coronavirus pandemic.

The financial turmoil of the past six weeks has meant that companies preparing to sign off on accounts with March and June year ends have struggled to assess their ability to continue as a going concern, the revaluation of assets and assessing future cashflows and liabilities.

As a result of company...

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