Solicitor Accounts Rules Changes

Solicitor Accounts Rules Changes

Solicitor Accounts Rules Changes The Solicitor Accounts Rules (SAR’s) are a set of rules put in place to regulate solicitors and law firms of England and Wales. They are governed by the Solicitors Regulation Authority (SRA) which is the independent regulatory body...
What is an audit?

What is an audit?

What is an audit? What is an audit?  An audit is an official inspection of an organisation’s accounts, which aims to provide an independent opinion on the ‘truth and fairness’ of a set of financial statements. This is important because often those that own the...
Does my company need an audit?

Does my company need an audit?

Does my company need an audit? Whether your company needs an audit will depend on a number of factors.  It’s size, what the articles of association say and if the shareholders ask for one. For audit exemption a company must qualify as small, or have qualified as small...
What is the audit process?

What is the audit process?

What is the audit process? The audit process includes procedures to obtain audit evidence to provide the auditor with reasonable assurance that the financial statements are free of material misstatement. An audit will examine the financial records of the entity being...
Who needs to complete a Tax Return?

Who needs to complete a Tax Return?

Who needs to complete a Tax Return? You may be starting to think about whether you need to complete a Tax Return this year? To help with this we have summarised the main points below. Generally those individuals who receive a source of income, that is not taxed at...