This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice for more information on the cookies we use and how to delete or block them.

Bookmark Email Print page

Governance in brief - February 2013

Governance in brief - February 2013

Summary

The FRC is proposing tougher guidance on going concern:

  • "The foreseeable future" becomes more open to interpretation
  • New test "a high degree of confidence"
  • A call for more tailored company specific disclosures
  • Proposals may encourage more conservatism
  • Specific supplement for banks developed with input from the Bank of England
  • Implementation may prove challenging given the requirement for changes to processes and board assurance
  • Fast track implementation - proposals apply for periods beginning 1 October 2012

Download

Governance in brief - February 2013 Governance in brief - February 2013 (PDF)

Share this page

Email this Send to LinkedIn Send to Facebook Tweet this More sharing options
Follow:

Get in touch

More on Deloitte