In October 2009, we reported on the Financial Reporting Council's guidance on going concern and liquidity risk for small, medium and large UK companies. The guidance published by the FRC in October 2009 supersedes the guidance published in 1994 for directors of listed companies.

The FSA has now published an amendment to LR 9.8.6(R)(3) making it clear that, for financial years ending on or after 31 December 2009, a UK listed company must include in its annual financial report a going concern statement prepared in accordance with the guidance published by the FRC in October 2009.

View our October 2009 E-Bulletin article: Going concern and liquidity risk – FRC guidance for directors (web page).