UK SMEs could face potentially catastrophic credit ‘down rating’
Crowe Casts
Crowe Casts
UK SMEs could face potentially catastrophic credit ‘down rating’
Oct 25, 2024
Crowe

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.