Steve Collings lists the 10 most common reporting errors and explains how to avoid them.
Last year, I wrote an article for AccountingWEB.co.uk titled ‘Overcome your disclosure problems’. This article highlighted some of the most common failings in a set of financial statements prepared for small companies who are eligible to report under the Financial Reporting Standard for Smaller Entities (FRSSE).
Unfortunately with the new Companies Act 2006 (CA06) and ever increasing burdensome reporting requirements being bestowed upon the profession, these reporting problems seem to keep rearing their heads. This article looks at 10 of the most common problems that are still prevalent in professional practice and, where possible, interacts with the new CA06. It sho...
About Steven Collings
Steve Collings, FMAAT FCCA is the audit and technical partner at Leavitt Walmsley Associates Ltd where Steve trained and qualified.