Credit ratings and COVID-19 | ICAEW

Credit referencing and ratings are getting motivated by pandemic-related variables, providing SME organizations and their auditors a good deal to believe about. Both of those money statements and predictive info are made use of, but are audit reports getting interpreted properly?
As we enter the subsequent period of the pandemic, organizations of all designs and dimensions are searching nervously at their credit history scores and questioning how they have been affected by the economic and business enterprise worries and uncertainties of COVID-19.
There are numerous concerns to ponder. What information and facts is staying applied by credit rating reference companies? Do they all consider the exact same tactic to credit rating scoring? Are government assistance actions possessing an effect? What about extensions to filing deadlines, product uncertainty paragraphs related to going worry in audit stories, or data about directors? The list of illustrations goes on and on.
