It is important for auditors to assess the risks of a material misstatement in the financial statements. These risks can be assessed by a technique known as analytical procedures. What is meant by analytical procedures? Analytical procedures is a method of evaluating...
We recently spoke with Greg Smith, who has been involved with a number of property development companies in Brighton to understand how Plus Accounting has worked with him over the last few years. Greg Smith has been a client of Plus Accounting for over 20 years both...
Auditing has recently been the subject of bad press and increased public debate due to both the collapse of Carillion, and the auditors of BHS receiving large fines for misconduct. Auditors are independent accountants who are required to give an opinion on the...
Does my business have to be audited? The audit regime only applies to limited companies and LLP’s. Unincorporated sole traders and partnerships are exempt whatever their size. When do I have to have my company audited? For a non-group company, you will need to...
