Post-COVID Crash

A post-COVID crash is looming – and Britain’s auditors are asleep at the wheel. As COVID-related state support for precarious firms winds down, much-needed audit reform remains worryingly remote.

Like a tedious household repair job, fixing the accounting for Britain’s largest and most important companies is always put off until it’s too late – and then bodged anyway, with often calamitous results.

As COVID-era government support for some of the country’s most precariously positioned companies winds down, accounting for their finances remains trapped in this unhealthy pattern.

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