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Our Corporate Governance Expert Group and Financial Reporting Expert Group contributed to our response to the FRC's Consultation Paper on Risk Management, Internal Control and the Going Concern Basis of Accounting. We noted that the revised guidance has improved, but explained that it would benefit from being shorter with better use of sub-headings, tables and other techniques that lead the reader through the concepts and make it clearer for directors. We also noted that the revised guidance could offer more practical assistance in assessing going concern, such as including illustrative disclosures from the 2009 guidance.

Click here to download the response (pdf)

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