Credit ratings and COVID-19 | ICAEW

Credit referencing and rankings are being affected by pandemic-similar aspects, giving SME providers and their auditors lots to believe about. Equally money statements and predictive data are utilized, but are audit reviews becoming interpreted effectively?
As we enter the future section of the pandemic, firms of all designs and measurements are seeking nervously at their credit scores and pondering how they have been impacted by the economic and small business issues and uncertainties of COVID-19.
There are numerous queries to ponder. What information is getting made use of by credit history reference companies? Do they all take the identical technique to credit scoring? Are governing administration aid steps owning an effects? What about extensions to filing deadlines, product uncertainty paragraphs linked to going concern in audit reports, or info about directors? The checklist of examples goes on and on.