Should be mandatory to report direct employed staff numbers and contractors in every quarterly. Too many companies downsize staff ( lose projects) and it isn't registered as a announcement but is a key fact as it directly aligns with the amount of wok they have on their books and can afford to pay ( hopefully) . Retrenchment is expensive and not provided for till it happens on accounts. Even with forward projections now required in quarterlys reports on expenses business can change tack on a dime and shareholders are none the wiser till media or next report. Biggest % expense business has and it is not reported directly to shareholders.
That will be part of the issue with solvency, continuing business as auditors need to see that the business can survive 12 months as a standard . Usually a prior history of ability to raise cash or get loans shuts em up but a cautious auditor asks of proof to raise and when company has blamed gov policy it opens a door as policy is unpredictable and then when the auditor should take into account reputational damage and also covenants on grants and loans.
Just where has MO popped up?
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