Call for going concern assessment to focus on solvency risks

APG Fri 13/7/2012 - 14:30 The going concern assessment process should focus on solvency risks as well as liquidity risks, whatever the business, according to a new report.

APG Fri 13/7/2012 - 14:30 The recommendations of the Sharman Panel of Inquiry, set up by the Financial Reporting Council include identifying risks to an entity’s business model or capital adequacy that could threaten its survival, taking into account the current position in the economic cycle and the dynamics of its own business cycles.