This guide is designed to explain the main changes that are needed to the audit report of a company that is an English Registered Provider of Social Housing (RP) or Scottish Registered Social Landlord (RSL) that does not prepare group financial statements, compared to that of a company. It does not seek to explain every difference, just the key areas to consider as a result of the differing legal and regulatory requirements.
Preparing a qualified audit report – disagreement (related parties example)
This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a material misstatement in the financial statements. The example chosen to illustrate the amendments needed to a modified opinion is where there is a material deficiency in the information relating to related party transactions that is required to be disclosed by the financial reporting framework
Preparing a non-statutory audit report
This guide is designed to explain the main changes that are needed to be made to the company examples in the FRC’s Compendium of illustrative auditor’s reports. This guide applies to opinions issued in accordance with ISAs (UK) for entities other than companies where there is no statutory or regulatory requirement for an audit to be undertaken.
Going concern – material uncertainty related to going concern
This guide is designed to explain the main changes that are needed to the audit report of a company where there is a material uncertainty related to going concern.
Audit report on defective financial statements
This guide is designed to explain the main changes that are needed to produce an audit report on a set of defective financial statements prepared in accordance with regulations under the Companies Act 2006. It seeks to explain the differences in the audit report compared to the audit report issued on the original (defective) financial statements.
Limitation on the scope of the audit
This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue a modified opinion on the financial statements due to a limitation on the scope of the audit.
Preparing an adverse opinion audit report
This guide is designed to explain the main changes that are needed to the audit report when an auditor considers it necessary to issue an adverse opinion on the financial statements due to a material and pervasive misstatement in the financial statements. This assumes that aside from the matter giving rise to the adverse opinion, the auditor has obtained all other necessary evidence to support the opinion.
Going concern – basis other than going concern
This guide is designed to explain the main changes that are needed to the audit report of a company where the financial statements are prepared on a basis other than going concern.
UKCloud wins place on YPO framework for provision of cloud hosting and management of services
UKCloud is one of 10 approved suppliers of Cloud Hosting (Lot 5) able to provide multi-cloud hosting and management across public cloud, private cloud and hybrid cloud servicesLondon – 12th August 2019 – UKCloud, the multi-cloud experts dedicated to making transformation happen across UK public sector, has today announced that it has been successful in winning a position on the YPO Data Centres, Maintenance, Security and Cloud Hosting services Framework Agreement which has a maximum…
Source: RealWire
Top 10 IT trends of the last 20 years
Two decades ago some people still used dial-up modems, and now the world is at our fingertips. Read on to get a sense of how much has changed in the IT office since 2000.