Credit ratings and COVID-19 | ICAEW

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Credit score referencing and rankings are getting influenced by pandemic-connected things, giving SME firms and their auditors a lot to imagine about. Each money statements and predictive information are used, but are audit reviews being interpreted correctly?&#13

As we enter the subsequent period of the pandemic, enterprises of all shapes and measurements are hunting nervously at their credit scores and wanting to know how they have been affected by the financial and company troubles and uncertainties of COVID-19.

There are several queries to ponder. What information is staying utilized by credit history reference organizations? Do they all choose the very same method to credit history scoring? Are government assistance actions having an effects? What about extensions to submitting deadlines, product uncertainty paragraphs similar to going concern in audit experiences, or knowledge about directors? The record of examples goes on and on.