The recent parliamentary committee debate on proposed changes to a local audit draft bill had been hostile. According to reports the debate had been dominated by the potential pitfalls within the bill. Marcine Waterman, controller of audit at the Audit Commission, argued there were three main risks: the absence of NHS representation, a lack of […]
There’s a lot to consider if you are planning to sell your company. A successful sale doesn’t go through immediately. When selling your business, tax is an important element to consider. At the time of sale, you will be burdened with many issues to deal with out of which tax is an extremely important.
The main objective of a compliance audit is to ensure the internal and financial controls and reporting adheres to laws, regulations, policies, or procedures accepted in auditing. A Compliance audits can be done internally, externally, or by a government agency to ensure the company’s adherence to auditing standards. Companies sometimes elect to undergo audits by […]
The previously proposed complete overhaul of the auditing industry has been watered down. This was revealed through a draft report published by European parliament’s legal affair committee. The draft report has ditched key elements of the European Commission’s radical plans to inject more competition into the market for large company audits.