Credit ratings and COVID-19 | ICAEW

Credit score referencing and rankings are remaining motivated by pandemic-linked aspects, supplying SME firms and their auditors a great deal to feel about. The two monetary statements and predictive information are utilized, but are audit studies currently being interpreted appropriately?&#13

As we enter the up coming section of the pandemic, corporations of all styles and measurements are searching nervously at their credit history scores and pondering how they have been affected by the economic and small business troubles and uncertainties of COVID-19.Who is keeping score and how?

There are numerous issues to ponder. What info is remaining used by credit history reference organizations? Do they all take the identical tactic to credit scoring? Are government aid measures possessing an effects? What about extensions to submitting deadlines, content uncertainty paragraphs relevant to likely problem in audit reviews, or data about directors? The list of examples goes on and on.