Bean Focus

What is new about ISA 315 and how does it impact the audit of your financial statements?

audit / By

ISA 315 is an international standard on auditing that deals with identifying and assessing the risks of material misstatement in financial statements. It was revised in 2019 and became effective for audits of financial statements for periods beginning on or after December 15, 2021. The main changes introduced by the revised ISA 315 are: The

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accounting-bookkeeping

Do Isle of Man companies need to be prepare consolidated financial statements

accounting and bookkeeping, isle of man / By

Consolidated financial statements are financial statements that present the assets, liabilities, equity, income and expenses of a parent company and its subsidiaries as a single economic entity. They are required by some accounting standards and regulations to provide a true and fair view of the financial position and performance of a group of companies. The

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tax-consulting

UK tax Allowable expenses

tax / By

What are the most effective tax allowable expenses in the UK? If you are self-employed or run a limited company in the UK, you may be wondering what expenses you can claim to reduce your tax bill. Tax allowable expenses are those that are “wholly and exclusively” for the purpose of your trade or profession,

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