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Authors: Wilma Rix, Judy Pink

FRC consults on updated going concern guidance

The Financial Reporting Council has issued a consultation which asks for views on proposals for revised “Guidance on the Going Concern Basis of Accounting and Related Reporting, including Solvency and Liquidity Risks”. This aims to provide proportionate and practical non-mandatory guidance for a range of entities, including UK listed companies, so that investors can understand exposures to, and plans to navigate, such risks.