Credit ratings and COVID-19 | ICAEW

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Credit score referencing and rankings are staying affected by pandemic-associated factors, offering SME firms and their auditors loads to consider about. Both financial statements and predictive details are used, but are audit studies currently being interpreted correctly?&#13

As we enter the future section of the pandemic, enterprises of all designs and dimensions are hunting nervously at their credit scores and thinking how they have been affected by the economic and small business challenges and uncertainties of COVID-19.

There are quite a few issues to ponder. What details is remaining employed by credit history reference organizations? Do they all get the exact solution to credit score scoring? Are governing administration help steps getting an effect? What about extensions to filing deadlines, substance uncertainty paragraphs linked to heading issue in audit experiences, or knowledge about directors? The checklist of examples goes on and on.