Category: Audit/Accounts
Should auditors bother preparing for ARGA – the reform that may never come?
Big changes are supposed to be coming to the world of auditing. If it feels like you’ve heard this before, that’s because you have. A lot. These changes are stuck in an implementation purgatory and may never see the light of day. However, the intent to reform is clear, and so auditors wishing to get […]
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Do you need to work during personal time to meet deadlines?
Rising auditing standards puts a lot of pressure on auditing firms to carry out a significant volume of work while staying compliant with the latest guidelines. As the needs of businesses evolve and finances become more complex, it can seem like there are not enough hours in the day to get everything done that needs […]
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Client vs Accountant: The battle for AI authority
The rise of AI has been met with celebration and trepidation in almost equal measure. With AI enthusiasts hailing the technology with the same fervour they would normally reserve for the second coming of Jesus (while some actually built an AI model of the Messiah!) and sceptics lamenting the death of creativity, AI dominates much […]
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Hybrid work leads to more complex audits – can you handle them?
Hybrid working has gone from being a fantasy of many disgruntled commuters to an essential part of working life. However, remote working has posed challenges for auditors. Where once it was possible for an auditor to walk into an office and have immediate access to everyone and everything needed, remote working can place people and […]
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How do you keep auditing smaller businesses?
Starting in this current tax year, the threshold for mandatory audits has been significantly increased. Previously, companies with a £10.2 million turnover or assets worth £5.1 million were subject to mandatory auditing. Now, only companies with a £15 million turnover or assets worth £7.5 million will be required to get audited. This signals a major […]
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