Auditing of Company Health Faces Overhaul

Summary


THE basis on which a company is judged to be a 'going concern' faces a shake-up by regulators.

The Financial Reporting Council (FRC), which supervises auditors, will look at lessons of the financial crisis, in which firms thought to be in good health were found wanting.

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Extract


Auditing of Company Health Faces Overhaul

The key questions in auditing ar...

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