2012

[22/10/2012] 1 October 2012 sees some significant changes to audit exemptions.

[22/10/2012] How to limit your liability in respect of limited liability companies.

[11/09/2012] The Government’s response to the consultation on Audit Exemptions and Change of Accounting Framework confirms plans to relax the audit exemption threshold for accounting periods ending on or after 1 October 2012.

[03/08/2012] The invitation to comment on the IAASB's suggested improvements to audit reporting is open until 8 October 2012.

[31/08/2012] The FRC website has been the subject of a major overhaul. Find links to accounting and auditing standards here.

[31/08/2012] On 2 July the structure and functions of the Financial Reporting Council (FRC) changed conspicuously following parliamentary approval of its proposed reform.

[03/08/2012] Guidance on audit bank letters following system problems.

[29/06/2012] Your guide to likely changes to going concern assessment and reporting requirements resulting from the Sharman Inquiry.

[27/06/2012] Comments sought on the cyrrrent bank letter procedures.

[20/03/2012] An update on the disclosure of auditor remuneration regulations, including details of a revised ‘schedule 2’.

[13/03/2012] Karen Brown, a Chartered Insurance Broker and vice president of Lockton Companies LLP offers advice on

[09/03/2012] Guidance on going concern.

[28/02/2012] Clarified (UK and Ireland) ISA 330 The auditor’s responses to assessed risks requires the auditor to consider whether external confirmations procedures should be performed as substantive audit procedures.

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