Audit

The Office of Fair Trading (OFT) has referred the audit market to the Competition Commissio

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October has seen some key developments in auditing and International Financial Reporting Standards (IFRS). AccountingWEB contributor Steve Collings reports.

We have an audit client who has customers who pay them using Paypal.  At the year end, they have a 5 figure sum in the account.  Does anyone know how we would get an audit confirmation letter from

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Last week, the Department for Business Innovation and Skills (BIS) announced another change on the cards for small businesses; this time in the area of auditing, reports Steve Collings. 

Accountants have challenged the government’s audit exemption plans and its claim to save businesses £612m per year in accountancy costs. 

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Accountancy firm Mazars has partnered up with DA Partnership, an Audit Commission spin-off, to deliver an employee-owned enterprise that will bid for public audits.

How do I explain to an owner manager of a business that has no borrowings, why he should require an audit (other than by law).

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Many of us get lots of requests to complete surveys (particularly if you're in a targetted group like FDs of FTSE 350 or FTSE 100 companies).  One CIMA member in such a role told me he gets dozens

The Audit Inspection Unit (AIU), which forms part of the Financial Reporting Council, has published a

A lack of transparency over exposure to Eurozone sovereign debt could tip the economy back into recession, says the FEE.

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