Every company must prepare a strategic report as part of its financial statements if it is a medium or a large company. The strategic report should be a fair and balanced review and should aid understanding of how senior management have performed in their duties.
Audit
Future Update to Company Size Thresholds
The UK Government have announced that they will raise the monetary thresholds for determining company size, which they feel will be a welcome move that promises to reduce the regulatory burden on businesses, particularly smaller entities
Navigating Energy and Carbon Reporting: An Audit Focus Perspective
In this blog, Helen explores the importance of energy and carbon reporting, its impact on businesses, and the role of auditors in ensuring accurate and reliable reporting.
What is ISQM 1 and ISQM 2?
Two new standards were introduced in December 2020 by the International Auditing and Assurance Standards Board (IAASB), which were then adopted by the UK’s Financial Reporting Council (FRC).
Audit of Less Complex Entities – what does this mean for auditors?
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”
Why are we qualified to carry out a Solicitor Accounts Rules Audit?
The Accounts Rule 12.5, holds members responsible for ensuring the reporting accountant who prepares and signs the Accountant’s Report is a member of a chartered accountancy body and is, or works for, a registered auditor.
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