News and Updates

What type of audit report modification (aka “qualification”) do I need to use? This is a question we often get asked on our technical helpline. Auditors are reminded of the requirements of ISA (UK) 705 Modifications to the Opinion in the Independent Auditor’s Report in determining the type of audit report required. The table image, […]
We often receive queries about related party transactions and what should be included on an accounts preparation or audit file. Completing the following steps will ensure that your file contains everything that is needed and give comfort over disclosures within the financial statements: Ensure that the file documents a full list of known related parties […]
The Charity Commission has provided a summary update regarding changes, brought about by the Charities Act 2022, which came into effect on 1 June and include: “Selling, leasing or otherwise disposing of charity land: Charities must comply with certain legal requirements before they dispose of charity land.  Disposal can include selling, transferring or leasing charity […]