Auditors were not to blame for the global financial crisis, business secretary Vince Cable announced as his department this week kicked most of the reforms recommended by the House of Lords eco
European business ministers have agreed to cut ‘micro-entities’ red tape, excusing the smallest firms from the burden of certain accounting obligations.
We have a number of audit clients with tight reporting deadlines as they are subsidiaries of large groups. One of the major problems is bank audit letters.
I have recently been approached by new client. Could you advise if an audit is needed?
Balance Sheet £154,000
The Office of Fair Trading (OFT) has concluded there are competition problems in the audit market and will now work with “interested bodies” to resolve these issues.
We are a small business in Cardiff and have recently won a Technology Strategy Board grant (£160k over 3 years).
'Dormant' holding company (other than potentially dividend being received from subsidiary) with trading subsidiary.
So, once again, the audit profession has hit the headlines and, once again, for the wrong reasons.
I have a client whose Articles of Association refer to the Appointment of auditors and the need for accounts to be audited.