To Audit or Not to Audit: That is the Question
News release 28th September 2012Accountants Duncan & Toplis are advising small businesses in the East Midlands to seek professional advice before taking advantage of new rules and deciding not to audit their accounts. Business Secretary Vince Cable has announced that from 1st October 2012 many small businesses will no longer be required to subject their accounts to an audit. But David Gratton, an audit partner at Duncan & Toplis, says businesses would be wise to consider the benefits of an external audit before they opt to discontinue the practice. “This announcement means a