Statutory Accounts
Creating annual statutory accounts for companies and limited liability partnerships has been, and continues to be, a foundational element of accounting firms' work. In fact, ever since limited liability was conceptualized, statutory account preparation for companies invariably included an audit opinion. This remained the norm until the introduction of an audit exemption for smaller companies.
Today, it's common for annual statutory accounts to be independent, with no formal assurance included, except of course for the quality provided by the firm you select to help you carry out your responsibility to prepare and file your annual accounts.
As a firm that prepares over 2000 sets of statutory accounts annually, we've streamlined and simplified our process to uphold the quality and integrity of your company's accounts. Where possible, we enhance their interpretation by supplementing the presentation with additional information and commentary.
Our comprehensive knowledge of IFRS, FRS102, FRS102 1A for small companies, company law, and UK GAAP equips us to prepare accounts for companies across all sizes and jurisdictions. This includes listed companies and their subsidiaries.
Our ability to prepare group accounts using consolidation methods under merger and acquisition accounting also enables us to cater to more complex businesses and company structures.
Finally, with the ethical restriction on auditors auditing accounts they've prepared for their own clients, it's likely we'll see a growing trend of companies seeking external assistance and advice for their account preparation. Specialist medium-sized firms such as ours stand to fulfill this increasing need.
KDL CENTRAL will strive tirelessly to foster a successful, long-term relationship with you and your business, going the extra mile to ensure this.
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