On auditing our client's accounts we discovered a potential contingent liability. However, the directors of the company are reluctant to include a contingent liability note within the accounts.


We’re a small practice of 12 and whilst not a firm that is registered as Chartered or Certified, we do have three employees who maintain their membership with the ACCA.  We are also growing very qu


Monday 1 October saw twice annual implementation of employment and company law changes, including the expanded audit exemption, the start of pensions auto-enrolment and an increase to the new n

As a prelude to a series of pre-Christmas articles enthusing about the latest desirable technological must-haves, here is a reminder of how backward we were 30 or so years ago.


Britain's competition watchdog said its investigation into the market for company audits had not yet uncovered any evidence of collusion among top accounting firms over market share, reports Ni


New rules that will exempt more than 100,000 small companies from the requirement to have an audit may raise tax issues, Baker Tilly warned.


The government will press ahead with its plan to align mandatory audit thresholds with accounting thresholds for small companies from 1 October.


An investigation into the UK audit market by the Competition Commission has shed some light on the usually discreet relationship between investors and audit firms.

Audit inspectors frequently complain about firms that undertake audit work which falls short of acceptable benchmarks, explains Steve Collings.