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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. Importance of an Audit A lot of business owners think audits are much of a muchness, however their quality can vary significantly. The annual audit is occasionally considered as a commodity purchase.

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Business Advisory in a Post-COVID Environment: An Interview with Michael Burke

PANALITIX

We covered a lot of ground in a recent interview with Panalitix client Michael Burke of Burke Raftery Chartered Accountants. Michael started in audit with KPMG in Melbourne, Australia though he always planned to go into industry. Here are some excerpts. Michael’s Background. Target Clients.

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Authorised Economic Operator (AEO)

Menzies

Menzies LLP - A leading chartered accountancy firm. Typical businesses that might benefit include: Manufacturers Importers/Exporters Freight forwarders/Customs agents Warehouse keepers Carriers What are the conditions and criteria? What is an AEO? The application can also be completed online. or 0207 465 1908.

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How does the post-Brexit customs compliance environment now look?

Menzies

Menzies LLP - A leading chartered accountancy firm. It would appear that customs and international trade audits by HMRC are on the increase, focussing on import declarations made following Brexit, that is, since 1 January 2021, particularly where EU origin preference has been claimed, in order to assess and collect unpaid duty.

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How does the post-Brexit customs compliance environment now look?

Menzies

Menzies LLP - A leading chartered accountancy firm. It would appear that customs and international trade audits by HMRC are on the increase, focussing on import declarations made following Brexit, that is, since 1 January 2021, particularly where EU origin preference has been claimed, in order to assess and collect unpaid duty.

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In the big cash squeeze, will the bold be favoured?

Menzies

Menzies LLP - A leading chartered accountancy firm. In sectors such as construction, food manufacturing and hospitality, reduced access to non-UK workers is a major problem.” Many businesses are making preparations for a big cash squeeze in 2023 due to several factors.

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Friday Footnotes: Look What You Did, PwC; No Lakehouse This Year; India Wants Its Own Big 4 | 5.3.24

Going Concern

Burrowes’ first major media outing coincided with the firm announcing a new strategic plan to recast the firm’s focus on audit, tax and deals, risk and transformation, and cloud and digital. The Institute of Chartered Accountants of India (ICAI) and the Ministry of Corporate Affairs are laying down the ground work for this. “We