Generally, small businesses don’t need to be audited as long as they have a turnover of less than £10.2million. If so, they are classed as a small company and are therefore exempt from audit. Yet, despite the current financial crisis in the UK, some sectors have seen a business boom and that could mean certain […]
For many businesses, the audit is a statutory requirement and that does mean it can feel like a box-ticking exercise, rather than something that is great for the health of your business. However, an audit does in fact bring many benefits and should be embraced. Here, Head of Audit Compliance at BG Audit, Nick Marshall, […]
Planning ahead for an audit is a sensible way to make sure the process goes smoothly. If your company’s financial accounts are subject to audit, there are ways to prepare, by working closely with the auditors at the planning stage and ensuring all processes and records are up to date. Head of audit and compliance […]