June 24, 2024


The business lovers

Credit ratings and COVID-19 | ICAEW

Credit referencing and scores are currently being affected by pandemic-linked things, giving SME businesses and their auditors loads to believe about. Both economic statements and predictive details are utilized, but are audit reports currently being interpreted correctly?&#13

As we enter the future stage of the pandemic, organizations of all shapes and measurements are hunting nervously at their credit scores and thinking how they have been impacted by the financial and enterprise worries and uncertainties of COVID-19.Who is keeping score and how?

There are several concerns to ponder. What information and facts is getting applied by credit rating reference companies? Do they all just take the exact same solution to credit score scoring? Are governing administration aid steps owning an effects? What about extensions to filing deadlines, materials uncertainty paragraphs related to going problem in audit reports, or facts about administrators? The record of examples goes on and on.