SIZE MATTERS

摘要

If the FRC has missed the mark with its draft going concern guidance, the QCA's Ward suggests its future efforts could be helped if there was a clear definition of what constitutes a small or midcap listed company. 'It's difficult to carve out rules, particularly for listed companies, when you have not got a definition of what a small or mid-cap company looks like,' he says. 'Everybody knows one when they see one, but the definition is difficult.'