Even if a company isn’t required to be audited by law, there can still be good reasons for appointing an auditor to undertake this exercise and produce an audit report. Essentially, an audit provides reassurance that the figures in the financial statements are ‘true and fair’. Commercially speaking, this places the company in a strong position in the eyes of … Read More
SMEs to benefit from change in audit exemption limits
It was announced recently by Vince Cable that the number of companies required to have an audit is to fall, following a reduction in the auditing and reporting requirements. Following a lengthy consultation process, more businesses are able to decide if they have a statutory audit. It is expected that more than 100,000 businesses will benefit from these changes through … Read More