Auditors in Richmond

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 […]

Arguments over the Draft Audit Bill

Posted by on November 23, 2012 at 10:10 am

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 […]

How to Increase Your Payout through Selling your Company

Posted by on November 21, 2012 at 10:30 am

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.

Compliance Audit Checklist

Posted by on October 10, 2012 at 10:47 am

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 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.