Saturday August 8, 2020

One-third of firms failing health check with auditors

One in three business are failing to get a clean bill of health from auditors, with property valuations and trading conditions raising serious concerns about company accounts.

31st October, 2009

One in three business are failing to get a clean bill of health from auditors, with property valuations and trading conditions raising serious concerns about company accounts.

A leading auditor said that 30 to 35 per cent of accounts were now being seen as ‘nonstandard’, compared to less than 5 per cent two or three years ago. This means that accounts are being ‘qualified’ or receiving other negative notes, which can have serious repercussions for...

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