An audit is conducted through the examination of financial records. UK audit standards and rules direct this examination to ensure the audit is being performed effectively. Once the process is complete, auditors prepare their audit report for inclusion in your financial statements that details their overall findings and their assessment of your financial information. Statutory … Read more
Yes – if you are asked by shareholders who own at least 10% of your shares, you must arrange for an audit to be carried out on your accounts. The audit can be requested by a single shareholder with a greater than 10% share in your company, or by a group that totals greater than … Read more
There are situations where a company may want to voluntarily have an external audit, and those where it is required to. Contact Edwards Accountants today to discuss whether your company needs an audit. Your company will require an audit if it has: an annual turnover of more than £15 million assets worth more than £7.5 … Read more
As a business, it’s hugely important to keep your financial records as accurate as possible. An audit is an examination of your financial information by an independent professional to form an opinion as to whether your financial statements show a true and fair view. The accuracy of your financial statements refers to whether the information … Read more
