Accounting threshold shifts risk lasting damage to audit profession

Accountancy Age

Audit Barriers

Earlier this month, on 6 April, a new EC directive quietly slipped into force. The less than snappily titled Companies, Partnership and Groups (Accounts and Reports) Regulations 2015 – the UK’s implementation of the EU Accounting Directive – passed onto the statute books with barely a whisper. But despite its low key entry, it’s set to cause significant disruption for firms and practices that undertake audit. Under the directive, already voted through the European…

Accounting firms – Accountancy Age

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