Credit ratings and COVID-19 | ICAEW

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Credit referencing and ratings are getting motivated by pandemic-related components, supplying SME companies and their auditors lots to think about. Both equally fiscal statements and predictive facts are utilized, but are audit reports remaining interpreted correctly?&#13

As we enter the upcoming period of the pandemic, companies of all designs and sizes are hunting nervously at their credit rating scores and wondering how they have been influenced by the economic and business worries and uncertainties of COVID-19.

There are a lot of thoughts to ponder. What data is getting made use of by credit reference businesses? Do they all just take the similar tactic to credit score scoring? Are authorities guidance steps having an affect? What about extensions to submitting deadlines, material uncertainty paragraphs similar to likely issue in audit stories, or facts about directors? The record of examples goes on and on.