UK Audit Watchdog Says Firms Offer Too Little Detail to Assess Viability

UK Audit Watchdog Says Firms Offer Too Little Detail to Assess Viability
The Canary Wharf financial district in east London on Nov. 12, 2014. Suzanne Plunkett/Reuters
Reuters
Updated:

LONDON—A review of how Britain’s listed companies spell out their chances of surviving found assessments had too little detail to properly inform investors, the auditing watchdog said on Wednesday.

“Clear and comprehensive disclosures on these matters are particularly important given the backdrop of the COVID-19 pandemic which caused greater uncertainty for some companies,” the Financial Reporting Council said in a statement.