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Below you will find all the questions and answers you may have with regards our Audit services. If you should not find the question and answer below please click here and let us know. | |
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| Q. | When must a report be signed by a Registered Auditor? |
| A. | As Registered Auditors we can sign reports on the accounts of... |  |
| Q. | Can I prepare my accounts under International Financial Reporting Standards? |
| A. | Yes, accounts can be prepared under IFRS or UK GAAP. Many companies prepare their group accounts under IFRS, but the Parent company’s accounts under UK GAAP... | |
| Q. | Do I have to prepare my accounts in Sterling? |
| A. | No, accounts can be prepared in other currencies (such as US$ or €). However, the tax computation will need to be in Sterling. |
| Q. | What are the filing deadlines for company accounts? |
| A. | Currently private company accounts have to be filed within 10 months of its year-end and a PLC within 7 months. These will reduce to 9 months and 6 months respectively during 2008. There are penalties for late filing and companies can be struck off by.... | |
| Q. | Do all directors have to be UK resident? |
| A. | No. All the directors can be based overseas, although for practical purposes it can be useful to have a UK resident director. There can be tax issues if there are no UK resident directors and Board Meetings are held outside the UK. |
| Q. | Can I have a company as a director? |
| A. | Yes, but at least one director has to be a natural person. |
| Q. | Why choose Bond Partners? |
| A. | We are committed to delivering an audit that adds value – our partner-led service gives you much more than just a basic check-up at a cost you can afford... | |
| Q. | What does an audit involve? |
| A. | An audit has to be carried out in compliance with International Standards on Auditing (UK & Ireland) and the requirements in the Companies Act 2006, which are very stringent. The audit is designed to provide a reasonable level of assurance to users of th | |
| Q. | We do not want an audit, but we want more than an accountants’ report. Is there an alternative? |
| A. | Yes, we can prepare a limited assurance report for audit-exempt clients. With the high (and rising) audit exemption limits, many users (particularly banks and other lenders) want something more than a compilation report, but with the introduction of stric | |
| Q. | Whilst I am exempt from audit, are there are any advantages in having a voluntary audit? |
| A. | Whilst not having an audit is seen by some people as a means of reducing professional fees, there are a number of practical implications that should be considered before taking advantage of audit exemption. Many of the implications arise from the increase | |
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Chartered Certified
Accountants in London
London - Head office
The Grange
100 High Street
London
N14 6TB
DX:34310 Southgate
t: +44 (0)870 850 6007
f: +44 (0)870 850 6008
London - City
111 Charterhouse Street
London
EC1M 6AW
t: +44 (0)870 240 3007
f: +44 (0)870 240 3008
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