The announcement that the American government is strongly considering prosecution of the auditing firm Ernst and Young (E&Y) following on from the collapse of Lehman Brothers, raises a number of other serious considerations.
Filed under: Audit, Government | Leave a Comment »
Hardly a day goes by without the banks being in the news for something or other. Last week, we started with the government’s second bail out on the Monday swiftly followed with immaculate timing by RBS’s spectacular presentation of the worst results in UK corporate history.
Filed under: Audit, Banks, Credit Crunch, Finance | 1 Comment »
If you operate as a limited company, you will probably be aware of the late filing penalties that have existed for some years. These were levied by Companies House when accounts were filed later than their due date, (normally 10 months after the end of the financial year for a private company).
Filed under: Accounting, Audit, Business, Finance, Miscellaneous | Leave a Comment »
Today on Radio 4 often provides me with material for blog postings. A number of recent items have caught my attention and I will start with the first one which really irritated me. The item in question was headlined something to the effect of “90% of small and medium sized companies are in danger of [...]
Filed under: Audit, Business, Credit Crunch, Miscellaneous | Leave a Comment »
Ever since 1993, Companies’ legislation has allowed those below a certain size limit (by reference to turnover, gross assets and number of employees) to forgo their annual audit – the check by independent, fully-qualified auditors – to ensure that the annual financial accounts were reasonably stated and not misleading. Over the past 15 years or [...]
Filed under: Audit, Business, Communications, Uncategorized | Leave a Comment »
