This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice ( for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

FRC publishes review findings on companies' viability and going concern disclosures

  • FRC (United Kingdom Financial Reporting Council) Image

Oct 14, 2021

The Financial Reporting Council (FRC) published the findings of its review of companies’ viability and going concern disclosures.

The findings reveal several areas where viability and going concern reporting could be improved. In particular, the review found that:

  • The disclosure of inputs and assumptions used in forecast scenarios to support the viability and going concern assessments often lacked sufficient qualitative and quantitative detail; and
  • In some cases, there was evidence to indicate that significant judgments may have been applied in determining whether a company was a going concern or whether this was subject to material uncertainty, but these judgments were not identified or explained.

Review the press release and report on FRC's website.

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.