The latest audit news including
Cable plans audit threshold cut, new code for internal auditors and
post-LIBOR audit guidelines introduced
Cable plans to cut audit threshold for smaller businesses
More than 100,000 UK businesses could opt out of annual audits
as the plans to change qualifying thresholds and reduce auditing and
reporting requirements were announced by business secretary Vince
Cable. The government’s response to the consultation on Audit
Exemptions and Change of Accounting Framework outlines plans to allow
more companies to make a commercial decision about carrying out a
statutory audit.
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