What Do Auditors Do?

The primary job of an auditor is to ensure that the financial statements of a company are free from “material misstatement”. But what does this actually mean? The basic meaning …

An Audit Walkthrough

What is an Audit Walkthrough?

External auditors often carry out what are known as walkthroughs while they complete their fieldwork. They involve the auditors spending time sat with members of the finance team and perform …

Fixed Assets

How to Account for Fixed Assets/PPE

The accounting treatment for Property, Plant and Equipment (commonly referred to as PPE) is set out within IAS16. PPE may also be referred to as fixed assets or tangible assets and …