Fraud & Going Concern: Restoring Public Trust in the Financial Reporting Ecosystem
When a company collapses, all stakeholders are affected, from employees to investors, and it eventually erodes the public's trust in financial markets. The COVID-19 crisis has further increased the pressure and made companies more vulnerable to fraud and corporate failures. This has led Accountancy Europe to issue two publications (and their summaries) with recommendations to strengthen the financial reporting ecosystem, respectively on: - Going concern - Fraud