Concerns over the accounting for off-balance sheet arrangements and special purpose vehicles has led to the introduction of new accounting standards.
Sonya talks about having an absolute focus on quality, striving to improve audit communications, and how she delivers tangible value to clients.
Judith discusses the responsibilities of auditors to shareholders and getting the support and skills needed to face new challenges, including working on complex, multinational audits.
We provide external audit services for over 70 registered providers of social housing ranging from large groups with over 50,000 units operating all over the country to small, more local or specialist associations with less than 100 units.
The audit is an opportunity to challenge management constructively and identify areas for improvement and efficiency.
Online accounting software, commonly known as ‘cloud accounting’ software, is revolutionising the way ﬁnancial management systems are accessed and managed.
This case includes a detailed examination of what documents a person with audit rights over "books of account" is entitled to see.
It is true that accountants are well ahead of most other professions when it comes to risk management and certainly, the "big four" have had in place risk management processes and dedicated resources far earlier than solicitors.
An increase in the vulnerability to fraud, but not necessarily an increase in the use of analytics and fraud risk assessments.
Orion (a publishing company) assigned worldwide television, film, radio and audio-visual rights in a children’s fictional character (Horrid Henry) to Novel.
On 6 September 2012 the Government published its response to the Department for Business Innovation and Skills’ consultation paper "Audit exemptions and change of accounting framework" which detailed the Government’s decision to reform the rules on accounts and audit for companies and LLPs.
The International Auditing and Assurance Standards Board (IAASB) issued in June an Invitation to Comment on proposed changes to the standard auditors’ report.
From 1 October 2012, subsidiary companies will no longer need to have their annual accounts audited provided that, among other things, their parent company agrees to guarantee all liabilities of the subsidiary that are outstanding at the end of that financial year.
It's tough being a CFO these days. You're facing complicated decisions on many fronts, and knowing exactly how to proceed at any given time is harder than it looks.
In the current economic climate, the questions are many
Revised IASB proposals could affect the way income is recognised, writes Nick Randall.
The Accounting Standards Board (ASB) has published revised exposure drafts on the future of financial reporting in the UK (a copy can be found here).
Despite the struggling global economy and double dip recession, new research by Smith & Williamson reveals high levels of confidence among UK-based, AIM-listed companies.
2012 is a big year for the UK, with the Diamond Jubilee, the Olympic and Paralympic Games and the continuing economic challenges. For preparers of half-yearly financial statements, it should be a relatively quiet year with only one amended accounting standard to admire and to implement.
Sarah Williams highlights the VAT and Gift Aid implications for the treatment of funds raised by volunteer runners and the imposition by charities of minimum fund-raising targets.