The UK Financial Reporting Council amended its going concern audit standard to require more work by the auditor. The standard is a response to recent corporate failures and the resulting enforcement actions.
Adopting solutions such as a singular digital control system and working with local partners can help manage business complexity in multiple jurisdictions.
Because of the digital revolution and higher levels of competition, companies are required to be continuously one step ahead of their game. Building strong teams is one way.
Beginning 1 October, another group of UK businesses and organisations will have to start managing their VAT records and filings digitally because the automatic six-month extension they were given will expire.