Audit Challenges for 2020

Audit Challenges for 2020

Following the latest audit quality review carried out by the Financial Reporting Council, the principal weakness highlighted by the report was audit firm’s shortcomings in challenging management effectively.  Failures were identified in a number of areas including...
Audit Challenges for 2020

To Audit or not to Audit?

Over the years, we have seen continued increases in audit thresholds which has removed many smaller businesses from the requirement to have a statutory audit.  As a reminder, the general guidelines are that two or more criteria has to apply for an audit to be...
Another example of Hubris and Nemesis?

Another example of Hubris and Nemesis?

A couple of recent events reminded me of two old friends of my misspent youth studying Greek. The Greeks are a pessimistic lot. If someone displayed Hubris, i.e. an over-weaning pride and arrogance, then they were asking to excite the jealousy and wroth of the Gods...