UK: FRC going concern guidance consultation - update and proposals

Earlier this year, in response to the recommendations made in the final report of the Sharman Panel of Inquiry, the Financial Reporting Council published a consultation paper setting out proposed revisions to its going concern guidance and to the International Standards on Auditing (UK and Ireland): see here (pdf). The responses received by the FRC have now been published - see here - and the FRC has provided an overview of the proposals it intends to implement in respect of its going concern guidance: see here.