Assurance Services: A business member’s perspective (resources and webcast)

The Audit and Assurance Faculty webcast 'Assurance Services: A business member's perspective' was originally presented by John Selwood ACA at Chartered Accountants' Hall in December 2006.

Overview

All limited companies must file a set of annual accounts at Companies House. These accounts must be prepared in accordance with company law and accounting standards. Company directors are responsible for the preparation of these accounts.
If your company is exempt from audit, there are three main services that chartered accountants can provide on the accounts. 

The options are:

• Accounts Compilation
• ICAEW Assurance Service
• Voluntary Statutory Audit

For each type of service, a chartered accountant will provide a report that indicates the type of work performed by them. Each adds a different level of credibility to your annual accounts. What to do is your decision and depends on what you want your chartered accountant to do for you and what users of your accounts are looking for.

Aimed at: Audit exempt companies and other stakeholders.
Benefits: Explains the ICAEW Assurance Service, which sits between accounts compilation service and voluntary statutory audit.

Webcast

Running time 14 minutes and 20 seconds.

Speaker

John Selwood ACA