UK Tightens Accounting Standards As Corporate Collapses Continue
PYMNTS
OCTOBER 1, 2019
have led the Financial Reporting Council (FRC) to enact more stringent accounting standards, The Guardian reported on Monday (Sept. According to reports, the FRC issued an updated going concern standard, adding “significantly stronger requirements” for U.K. More high-profile corporate collapses in the U.K.
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