Circular letters
13 September 2012
As an auditor, you are responsible for stating whether a client’s accounts are true and fair - but should you trust their evidence? Circulation can help you to double check the figures
Limited company auditors are required by law to state whether their clients’ statutory accounts show "a true and fair view" - and they need to gather evidence to support this opinion.
Most company accounts show that trade debtors form a sizeable part of the net worth of the business. Auditors usually concentrate their efforts on satisfying themselves that the...