Audit & Accounting Fees – Dormant Accounts
There may be some confusion over the price of an audit over a normal set of year end accounts. The reason dormant accounts can be more expensive – Is if the annual return is late, the directors under company law must have an audit done. To stand up to a practice review the ICAI require that the auditor create a proper audit file.
Auditing checks and questionnaires must be filed out – the IAS Auditing questionnaires now are normally filled in on Excel or Word and conform to international auditing standards, they are well over 100 pages long.
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