Credit ratings and COVID-19 | ICAEW
Credit rating referencing and rankings are remaining affected by pandemic-linked variables, giving SME providers and their auditors a good deal to assume about. Equally fiscal statements and predictive information are made use of, but are audit studies remaining interpreted accurately?
As we enter the following section of the pandemic, enterprises of all designs and measurements are wanting nervously at their credit score scores and questioning how they have been affected by the economic and small business problems and uncertainties of COVID-19.
There are many inquiries to ponder. What information is staying made use of by credit rating reference companies? Do they all take the exact same tactic to credit score scoring? Are federal government assistance measures acquiring an influence? What about extensions to submitting deadlines, materials uncertainty paragraphs related to heading concern in audit stories, or details about administrators? The list of examples goes on and on.