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With the audit threshold increasing for many medium-sized businesses a formal audit report is no longer necessary.
However, a number of organisations still require an independent assessment of their affairs as a tool for effective management, to assess risk or provide reassurance to key stakeholders.
Such reports entail making enquiries of management and the directors, applying analytical accounting procedures to the financial statements, and assessing whether the applicable accounting policies are appropriate to the circumstances and are adequately disclosed.
Additionally it includes some examination of evidence relevant to certain balances and disclosures in the financial statements where, after performing the above work, we have become aware of matters that might indicate a risk of material misstatement in the financial statements.
Please feel free to get in touch via phone, email or our quick contact form.
We offer initial free consultations simply contact us to find out more.
Business groups have broadly welcomed the extended business support measures announced in the Chancellor of the Exchequer's Winter Economy Plan.
25 Sep 2020
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