FRC publishes an update for directors of listed companies on going concern and liquidity risk
The purpose of the document is to assist directors by identifying key questions that they may wish to consider when preparing for the year-end and in meeting their responsibilities in relation to annual reports and accounts.
The FRC update on going concern brings together the key accounting requirements and the disclosures relevant to going concern and liquidity risk and sets out the main points of interaction between the judgements made by directors and auditors. The update also notes that the absence of confirmations of bank facilities does not in itself necessarily cast significant doubt on a company's ability to continue as a going concern, nor necessarily require auditors to refer to going concern in their reports.
The document can be downloaded from the FRC's website