RSSArchive for January, 2014

Jan

20

Top 10 audit problems to avoid

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Top 10 audit problems to avoid

As audit firms get into gear to plan their December 2013 year-end audits, this article will take a look at ten of the most common pitfalls flagged up by file reviewers and the professional bodies which auditors should try to avoid. 1.            Engagement letter One of the most frequent areas of concern relate to the […]

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Jan

14

FRSSE (effective January 2015) versus FRS 102

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FRSSE (effective January 2015) versus FRS 102

Financial reporting is soon to undergo the largest overhaul of its kind in the last 40 years with the disbanding of FRSs/SSAPs and UITF Abstracts and the replacement of these standards with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland which is to take mandatory effect for accounting periods […]

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Jan

7

Micro-entity regime. How might the accounts look?

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Micro-entity regime. How might the accounts look?

On 1 December 2013, legislation was introduced in the form of SI 2013/3008 The Small Companies (Micro-Entities’ Accounts) Regulations 2013 which was brought in by the European Union with the objective of reducing costs for small companies.  The legislation is effective for financial years ending on or after 30 September 2013 and where the company’s […]

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