Going concern - assessment and reporting requirements in difficult times

Debbie Paterson

21 April 2021


The guidance on going concern assessments and disclosures in the GAM and FT ARM has been revised for 2020/21. At the same time, guidance to auditors has also been amended. This briefing sets out the impact of those changes on the roles and responsibilities of both management and auditors. 

Going concern assessments and disclosures have been linked to the financial sustainability of NHS bodies. However, amendments to the financial reporting guidance for NHS bodies has broken that link. This briefing highlights recent changes to reporting guidance as well as audit requirements.

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Going concern - assessment and reporting requirements in difficult times

April 2021 (PDF 247KB)


Additional documents

202021 year end reminders briefing NEDS and lay members FINAL

March 2021 (PDF 243KB)

External audit reports updated March 2021 FINAL

March 2021 (PDF 253KB)

202021 ARA checklist 27 04 21

April 2021 (PDF 484KB)

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