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Going Concern & Material Uncertainty

In this month’s vlog, Maya Norbury discusses audit report implications where going concern issues arise.

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July 2025 Insights newsletter

16 July 2025

When an entity becomes a Registered Social Landlord during the financial year, the Housing SORP should be applied at year end. The Housing SORP is strict on registered charitable social housing providers applying the SORP and it being applied in full once they are registered. A key consideration is that the Charity SORP and the Housing SORP require different accounting treatments for government grants. The Charity SORP states that the use of the accrual model for recognition of income from government grants is not permitted, therefore the performance model must be used. Whereas, the Housing SORP states that where housing properties are measured at cost, the accrual method must be used and where housing properties are measured at valuation, the performance model must be used.

THE PENSIONS SORP CONSULTATION – THE HEADLINES

11 July 2025

Journals Testing - Raising The Bar - Insight Training

Auditing Trade Creditors

11 July 2025