Proposed Increases in Company Size Thresholds for UK Audits
As the United Kingdom is no longer within the European Union the government is not tied into the maximum EU thresholds. The Government announced on 18th March 2024 the proposal to increase these thresholds. These proposed changes are part of the ongoing reforms aimed at reducing the regulatory burden on small and medium-sized enterprises (SMEs) […]
Preparing for the Unexpected: Enhance Risk Management
In today’s dynamic business environment, uncertainties are unavoidable. However, statutory audits, once seen as routine, have evolved into powerful tools for businesses to bolster their risk management strategies. This exploration delves into how statutory audits significantly enhance risk management, providing companies with resilience and strategic foresight to navigate the unpredictable. 1. Identifying Risks: Statutory audits […]
How a Statutory Audit Can Fuel Business Growth
In the business landscape, statutory audits often carry the weight of compliance, but beneath the surface lies a potent driver of growth. Let’s explore how a thorough statutory audit goes beyond mere regulatory adherence to positively impact financial health, operational efficiency, and long-term prosperity. 1. Financial Health Turbocharged: Far from a routine exercise, a statutory […]
Audit 2.0: The Digital Revolution in Statutory Audits
In the realm of finance, a seismic shift is occurring as auditors move from manual processes to a tech-driven future known as Audit 2.0. At its core is the infusion of artificial intelligence (AI) and data analytics, transforming how audits are conducted and the insights they yield. The Tech Leap Gone are the days of […]
Navigating the Maze: A Comprehensive Guide to Statutory Audits for Businesses
In the dynamic world of business, statutory audits have evolved from mere compliance obligations into invaluable tools for financial transparency, risk mitigation, and strategic decision-making. For companies preparing to embark on the statutory audit journey, understanding the process is crucial. In this comprehensive guide, we break down the maze of statutory audits, providing a roadmap […]
Understanding the Significance of Audit Thresholds in Business
What is an Audit? An audit is a thorough check of a company’s financial records by independent experts to ensure accuracy and compliance. By using specific methods to review transaction details and make sure the company is transparent about its finances. The goal is to give confidence to shareholders and regulators that the company’s financial […]
NRB Audit – adding value through efficient and effective audit services
Here at NRB, our audit team aims to provide stakeholders with confidence in the financial statements, through an efficient service during the audit engagement. We conduct our audits to ensure that the financial statements have been prepared in accordance with the appropriate accounting standard by using International Auditing Standards. In addition, we also provide internal […]
Challenge Completed! Scott Lees Completes 7in7 Challenge For MNDA
NR Barton’s Senior Tax Manager completes his Christmas challenge of walking 7 marathons in 7 days over the Christmas break. Scott has been raising money for Motor Neurone Disease Association (MNDA). Scott set out to raise £777 for MNDA, he did not imagine that he would be close to raising £10,000 for a great cause. […]
Autumn Budget 2021 – Budget Brochure
Autumn Budget 2021 – Budget Brochure The Chancellors autumn budget was released on Wednesday 27 October 2021. Whilst a lot of the budget was known before the official announcement there was a lot more detail released on the day. It remains to be seen how the country will financially recover from the Coronavirus pandemic, but […]
Expansion of NR Barton audit team!
Pictured left to right: Ben Thomas, Catherine Rogers and Rachael Muphy Wigan based accountancy and business advisory firm NR Barton has appointed former UHY Senior Manager, Rachael Murphy, and former top ten Audit Associate Ben Thomas to strengthen the firms audit team. Rachael brings a wealth of experience with her, gained over 15 years of […]
