Beyond the threshold

Article Abstract:

The issues regarding the ever-increasing audit exemption limits are examined. The ICAEW institute has issued the new interim guidance 'The ICAEW Assurance Service on unaudited financial statements' that would provide a practical framework for performing the service' developed a practical guide for companies to address the needs of audit-exempt companies.

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Reacting to change

Article Abstract:

The impact of the International Financial Reporting Standards (IFRS) on the chemical industries is discussed. Tolling arrangements, impairment testing at the date of transition and beyond, decommissioning costs start-up costs for processing facilities and hedging commodity risks are some of the key areas that are affected by the implementation of IFRS.

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Catering for the uncommon outcome

Article Abstract:

The new guidelines issued by the Audit and Assurance Faculty of Institute of Chartered Accountants in England and Wales (ICAEW) for its members for compiling company accounts are discussed. The provision of compilation services to unincorporated entities is the main focus of the guidance.

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