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The FRC has issued guidance on going concern to assist both SMEs and larger entities.

Guidance on the Going Concern Basis of Accounting and Reporting on Solvency and Liquidity Risks: Guidance for directors of companies that do not apply The UK Corporate Governance Code has brought going concern guidance into one place and highlights the scope of going concern on different sized entities.

The type of work and obligations are unchanged but are written to assist users. The table on page 5 will be of use when explaining to directors and employees the requirements for different sized entities. The ‘principles for best practice’ outline the key concern in each of the sections and provide a useful summary. 

Article from ACCA In Practice