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 […]