Audit

Accounts and Auditing Independence

There is always much scrutiny in the industry and in the press about the ethics of auditors especially when big cases hit the press such as Enron or Tesco.  One of the largest threats to a firm like Kelsall Steele is independence, being able to separate the work surrounding year end accounts, management accounts, budget …Read More

Richard Lenihan - Responsible Individual

Richard Lenihan – Responsible Individual

Responsible Individual We are pleased to announce that our Corporate manager Richard Lenihan has been appointed as a “Responsible Individual” by the Institute of Chartered Accountants England and Wales. This appointment follows Richard’s extensive audit experience gained over a number of years working on small to medium companies and groups, charities, solicitors and both academy …Read More

Budget Highlights

Budget Highlights

Further to the Chancellor’s recent Summer Budget, some of the key headlines for our small and medium businesses are as follows: Corporation tax The Annual Investment Allowance has been set at £200k from 1 January 2016 for an indefinite period, giving businesses a chance to plan their capital expenditure. The rate of corporation tax will …Read More

Benefits of an External Audit

With the increasing trend in recent years to move small companies away from the regulatory need to undergo a statutory audit, it is still worthwhile considering the benefits an audit can bring to an organisation. An audit can assist in identifying weaknesses in both the company’s accounting and control functions. The process will necessitate close …Read More