Jersey:
Company Law In Jersey - Accounts And Audit
26 February 1999
KPMG
To print this article, all you need is to be registered or login on Mondaq.com.
Accounts are required to be prepared in accordance with generally accepted accounting principles and should show a true and fair view of the company's profit and loss and balance sheet. UK Statements of Standard Accounting Practice, Financial Reporting Standards and International Accounting Standards are observed by the accountancy profession in the Island as referred to in the Jersey Statements of Standard Accounting Practice.
There are statutory requirements for the audit of public companies, banks, investment schemes and scheme managers. Private companies do not have to be audited unless required by their Articles of Association or by a resolution of the members. The accounts of a public company are required to be completed within seven months of the year end and for a private company within ten months of the year end. A public company's accounts must be made available to the public and filed with the Registrar.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
For further information contact Jonathan G. Hooley on Tel (indirect line): + 44 (0) 1481 721000, Tel (direct line): +44 (0) 1481 719544, Fax: +44 (0) 1481 722373.
On 22 March 2024 the Luxembourg regulator (the CSSF) released its supervisory priorities in the area of sustainable finance, which are bringing a few insights on the Luxembourg's regulator's priorities in this area.
India commands the largest share of the world's shipbreaking industry but has justifiably been criticised for environmental degradation and lax compliance towards worker safety and health issues
The recent news of Financial Times Stock Exchange ("FTSE") 100 companies failing on credible climate transition plan has wider implications in the context of the current environmental...
The world is facing a climate emergency – that is an undisputable scientific fact. Climate change is no longer a distant threat, and its impacts are already being felt worldwide.
FREE News Alerts
Sign Up for our free News Alerts - All the latest articles on your chosen topics condensed into a free bi-weekly email.