Credit ratings and COVID-19 | ICAEW

&#13
Credit rating referencing and scores are becoming influenced by pandemic-related aspects, supplying SME companies and their auditors plenty to imagine about. The two fiscal statements and predictive knowledge are applied, but are audit stories becoming interpreted the right way?&#13

As we enter the subsequent stage of the pandemic, firms of all shapes and sizes are looking nervously at their credit history scores and asking yourself how they have been impacted by the financial and small business worries and uncertainties of COVID-19.

There are quite a few questions to ponder. What facts is becoming utilized by credit score reference organizations? Do they all take the exact strategy to credit score scoring? Are govt assist measures owning an impression? What about extensions to filing deadlines, product uncertainty paragraphs similar to likely worry in audit experiences, or information about administrators? The record of illustrations goes on and on.