UK SMEs could face potentially catastrophic credit ‘down rating’
Update: 2024-10-25
Description
In this episode of Crowe Casts, Talitha Gibney, Business Solution Director and Jonathan Dudley, Partner and Head of SME Corporates discuss the implications of FRS102.
UK SMEs are facing a potentially catastrophic credit ‘down rating’ because of unintended consequences of accounting standard change. A revision to Financial Reporting Standard 102 (FRS102) from 1 January 2026, has significant implications from as early as January 2025 – which is just weeks away.
Listen now to find out what those implications are and what you should be doing to avoid them.
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