Menzies

APRIL 19, 2023

Menzies LLP - A leading chartered accountancy firm. The requirement for auditors to obtain a far more detailed understanding of the audited entity’s IT environment and controls, particularly IT general controls that are relevant to the preparation of the financial statements.

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Menzies

JANUARY 25, 2023

Menzies LLP - A leading chartered accountancy firm. Identify whether additional disclosures need to be included in upcoming financial statements. G20 and 136 OECD Members have agreed to reform global tax by establishing a 15% global minimum tax rate. Consider application of other relevant UK legislation (e.g.

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Going Concern

JULY 17, 2023

For example, everyone must be able to rely on the opinion of an auditor in the audit report accompanying annual accounts. Investors, analysts, suppliers and other users of the financial statements base important (economic) decisions on it. It is up to the audit firms to prevent exam fraud, to detect and tackle any abuses.

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Going Concern

DECEMBER 1, 2023

Chartered* accountancy? Chartered Accountancy. Accountable Independence: SEC Sues Indemnified Audit Firm [ National Law Review ] The “indemnified audit firm” is Prager Metis and this is a brutal takedown. [ Forbes ] This is an ad, right? And where was the fact-checker? Smith’s choice of career?

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Menzies

JUNE 30, 2023

Menzies LLP - A leading chartered accountancy firm. Most business owners have an accountant which they trust and rely on for advice, however sometimes that doesn’t give them the closer support they sometimes need. Visits are typically weekly, fortnightly or monthly, with additional contact when needed.

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Reckon

APRIL 6, 2024

An accountant goes further and creates insights and deeper recommendations and analysis based on this data. They also provide tax advice, undertake compliance work, produce financial statements and income tax returns. If you feel you need richer advice, you may wish to consult an accountant.

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Menzies

SEPTEMBER 7, 2023

Menzies LLP - A leading chartered accountancy firm. With technology’s fast-paced and rapidly evolving landscape, financial forecasting can prove challenging for many tech companies. Can you trust your financial forecasting? Additionally, flexibility is needed to adapt to the quickly shifting environments.

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Menzies

FEBRUARY 22, 2023

Menzies LLP - A leading chartered accountancy firm. The main “Clarifying amendments” are:- Firstly to ensure that comparative information is provided for virtually all the figures and notes in the financial statements, unless there is a specific exclusion (there are very few exclusions apart from movements in fixed assets).

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Going Concern

JULY 28, 2023

At Work Accounting profession must collaborate to keep up with tech developments, experts say [ AccountancyAge ] UK accountancy bodies and firms must work together to continue supporting individuals’ professional development amid the “unprecedented” pace of technological advancements, according to Gail Boag, executive director of learning at ICAS.

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Going Concern

NOVEMBER 18, 2022

KPMG has been blocked from winning new audit contracts in Abu Dhabi after regulators removed the Big Four firm from the list of accountants authorised to sign off companies’ financial statements. Bam is a chartered accountant and an outstanding South African.

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Going Concern

FEBRUARY 9, 2024

Artificial Intelligence: The long-awaited saving grace of the accounting profession [ The Arkansas Traveler ] According to research by Chartered Accountants Worldwide, accountants are consistently rated among the most trusted professionals alongside doctors and nurses, with around 80% of people trusting them to navigate the business world.

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Going Concern

JANUARY 29, 2024

While going through the client’s belongings, the accounting firm discovered the painting, which was appraised to be original artwork that was stolen in 1969. has hired KPMG LLP to vet its financial statements almost three months after its auditor of 28 years quit amid a tumultuous period for the food storage container business.

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Menzies

OCTOBER 6, 2023

Menzies LLP - A leading chartered accountancy firm. Naturally, the recognition of tax losses as a deferred tax asset and their effective offsetting against a portion or the entirety of the deferred tax liability warrants careful consideration by advisors when considering disclosures for the financial statements.

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Menzies

FEBRUARY 13, 2023

Menzies LLP - A leading chartered accountancy firm. Failure to apply IFRS 15 properly could lead to a material misstatement of revenue and profit in a business’ financial statements. Revenue from Contracts with Customers will have a significant impact on the timing of revenue recognition for many companies.

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Going Concern

MARCH 1, 2024

pic.twitter.com/FQcm4AXSdg — Barbara Pocock (@BarbaraPocock) February 27, 2024 Chartered Accountants mistakenly let ex-PwC partner avoid investigation [ Financial Review ] Speaking of Peter Collins, AFR is still on the beat like a tick on a dog’s ass. Regulator Says [ Wall Street Journal ] Several U.S.

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Going Concern

JANUARY 20, 2023

Some are appointing “ESG controllers” with accounting backgrounds to impose the kinds of internal systems used to produce financial statements. NJ Accountant Pleads Guilty in $1.3 Billion Green Tax Fraud Case [ Bloomberg ] A New Jersey accountant pleaded guilty to participating in a scheme to sell $1.3

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Menzies

OCTOBER 27, 2023

Menzies LLP - A leading chartered accountancy firm. CO2E Reporting Large entities are already required to report on their CO2 emissions within their financial statements. Communicating these goals: You should consider communicating them to stakeholders either on your website or in your financial statements (or both!)

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