According to the International Auditing and Assurance Standards Board (IAASB) “Worldwide, small- and medium-sized entities account for more than 90% of businesses and more than 50% of employment”
Due to company law changes brought about by Brexit, it is worth noting that a previous audit exemption that was available to the UK subsidiary of an EEA parent company is no longer available for accounting periods commencing on 1 January 2021.
Does your company need an audit? What is involved? We answer all of this and more to give you an idea of what an audit means to your business
Innovate UK, part of UK Research and Innovation, is a public body funded by grant aid from the UK government.
Chris looks at the areas to consider and the information you require if you receive a grant that requires an audit