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Monday Morning Accounting News Brief: Big 4 Firms Hate Going Concern (Warnings, That Is); Being a Whistleblower Blows | 5.20.24

Going Concern

PwC is facing legal action claiming the accountancy firm is liable for the alleged rape of a graduate employee following after-work drinks. The situation Watson finds himself in makes a mockery of the corporate whistleblower protections that were introduced in July 2019 and inspired him to take legal action three years later.

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Tuesday Morning Accounting News Brief: A New Kind of Audit Quality Report; Merger Mania; Skilled Talent, Not Newbies | 5.28.24

Going Concern

Nearby, a Canadian firm is elbowing its way into the United States : Melo, a Leamington, Ontario, Canada-based accounting, tax, legal, and financial advisory firm, has acquired Edwards, Ellis & Associates, which has offices in Troy and Ann Arbor (Michigan). It marks Forvis’ first acquisition in the construction industry.

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How to set up a Surveying Practice

Menzies

Menzies LLP - A leading chartered accountancy firm. In the event of legal disputes, the sole trader will be sued personally, although insurance can help mitigate financial downsides. Separate legal entity. Taxation No separate legal entity, the sole trader is themselves the business.

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Price is not the only criteria

Menzies

Menzies LLP - A leading chartered accountancy firm. Extra ‘add-ons’ can include: 24/7 online and telephone GP services counselling services and mental health toolkits financial and legal guidance health & diet guidance and fitness programmes physiotherapy and second medical opinions gym and retail discounts. Extra Add-ons.

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The Register of Overseas Entities is now in force in the UK

Menzies

Menzies LLP - A leading chartered accountancy firm. an individual person another legal entity, such as a company a government or public authority a trustee of a trust a member of a firm that is not a legal person under its governing law. Who will need to register? Beneficial Owners.

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Limited liability partnership vs Limited company comparison

Menzies

Menzies LLP - A leading chartered accountancy firm. There are some similarities between limited companies and limited liability partnerships, such as the entity being its own legal personality and having limits to liability.

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How to enhance the audit experience

Menzies

Menzies LLP - A leading chartered accountancy firm. For example, legal invoices might show intellectual property assets, that could’ve been leveraged using Patent Box Relief to reduce the client’s corporation tax liability. In other cases, the audit team might realise that they have missed a financial opportunity.

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