As UK audit thresholds are in the process of increasing significantly many entities will no longer require a statutory audit. With increasing business complexity both in terms of structures and transactions it is important to know that assurance can be obtained on specified areas and matters without the need for a full audit.
Aspect assurance, sometimes known as "agreed upon procedures", can be a useful solution. Under such an engagement we carry out specified procedures and work to cover precise areas of concern.
Since 2004, the IRS has had the statutory authority in cases where a US person willfully fails to disclose balances… twitter.com/i/web/status/1…
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