Auditors in Kensington

Tax Consequences of Audit Exemptions

Posted by on January 18, 2013 at 10:24 am

According to the new rules there will be more than 100,000 small companies from the requirement to have an audit may raise tax issues. The new audit threshold rules, which come into effect on October 1 and were announced by the Department of Business Innovation and Skills (BIS) earlier in September, mean that small businesses will not need […]

The Previously Proposed Changes to the Auditing Industry Scrapped

Posted by on September 26, 2012 at 10:04 am

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.