can you deposit money in a halifax easycash account?
if you can, how do i do that, and what should i say to the accountant?
Credit - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
UK amswer: Yes, you can deposit money in any Halifax branch quoting the roll number, any other clearing bank (there will be a fee imposed for this) quoting the sort code and account number, or electronically. Your accountant will probably transfer any funds due electronically so will need the sort code and account number of your account.
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Sunday, November 28, 2010
Sunday, November 14, 2010
Group Audits when some subsidiaries are under audit threshold?
Group Audits when some subsidiaries are under audit threshold?
Hi, Just wondering if anybody could please help me clarify an issue regarding the group audit. The firm that I am working for has a client who, after restructuring the whole business portfolio, has recently formed a group consisting of 10 companies. All companies including the parent company require an audit except for 4 non-audit companies due to being under the audit threshold. Our firm has been appointed as the accountant and the auditor for preparing and auditing the individual companys' financial statements and the consolidated financial statement of the group as a whole. Now as our firm would be auditing and reporting on the conslidated financial statement of the group so my question is that what are the audit implications as to the 4 non-audit companies which would be the part of the consolidated financial statement. Any comments would be highly appreciated. I have tried to make the question as clear as possible but would apologise if i still have left any ambiguity and welcome any clarifications. God Bless!
Yahoo! Groups - 1 Answers
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Answer 1 :
The 4 companies might still fall into your testing scope based on the composition of the consolidated balances. If the 4 companies make up a large proportion of an account that meets your scope, you would still test. It is still possible to select for testing because its balances will be included in the consolidated totals. It will also depend upon the testing strategy. If you are using some sort of random selection, it is possible to choose testing samples from any company. However, if using a judgmental approach, you will likely choose selections with the largest balances (so, less apt to come from the 4 companies under your threshold).
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Hi, Just wondering if anybody could please help me clarify an issue regarding the group audit. The firm that I am working for has a client who, after restructuring the whole business portfolio, has recently formed a group consisting of 10 companies. All companies including the parent company require an audit except for 4 non-audit companies due to being under the audit threshold. Our firm has been appointed as the accountant and the auditor for preparing and auditing the individual companys' financial statements and the consolidated financial statement of the group as a whole. Now as our firm would be auditing and reporting on the conslidated financial statement of the group so my question is that what are the audit implications as to the 4 non-audit companies which would be the part of the consolidated financial statement. Any comments would be highly appreciated. I have tried to make the question as clear as possible but would apologise if i still have left any ambiguity and welcome any clarifications. God Bless!
Yahoo! Groups - 1 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
The 4 companies might still fall into your testing scope based on the composition of the consolidated balances. If the 4 companies make up a large proportion of an account that meets your scope, you would still test. It is still possible to select for testing because its balances will be included in the consolidated totals. It will also depend upon the testing strategy. If you are using some sort of random selection, it is possible to choose testing samples from any company. However, if using a judgmental approach, you will likely choose selections with the largest balances (so, less apt to come from the 4 companies under your threshold).
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Sunday, November 7, 2010
What Does Merger Mean In Terms Of Accountancy?
What Does Merger Mean In Terms Of Accountancy?
When an accountant does a merger, does it mean he or she would do long hours
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes, they could be working very long hours if they are involved in the due diligence part of the merger. Due diligence is when both companies are subject to an evaluation to determine the proper pricing of assets, etc. before all the accounts are merged (if its a true merger).
Answer 2 :
A merger means when two existing companies merge together and become one. Accountants often handle mergers due to the fact they handle all financial transactions the business makes. An example of a merger is Halifax and RBS
Answer 3 :
When Accountants merge accounts it is known as a Consolidation. A Merger is more to do with when one Company buys another and amalgamates it into its own structure.
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When an accountant does a merger, does it mean he or she would do long hours
Other - Business & Finance - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
Yes, they could be working very long hours if they are involved in the due diligence part of the merger. Due diligence is when both companies are subject to an evaluation to determine the proper pricing of assets, etc. before all the accounts are merged (if its a true merger).
Answer 2 :
A merger means when two existing companies merge together and become one. Accountants often handle mergers due to the fact they handle all financial transactions the business makes. An example of a merger is Halifax and RBS
Answer 3 :
When Accountants merge accounts it is known as a Consolidation. A Merger is more to do with when one Company buys another and amalgamates it into its own structure.
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Monday, November 1, 2010
What do I need to dissolve a Ltd. company in the UK - what form do I need to complete?
What do I need to dissolve a Ltd. company in the UK - what form do I need to complete?
I need to wind it up and don't have an accountant to help me. Thank you :)
Corporations - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You need to contact Company House to find out what to do go to www.companieshours.gov.uk and click on winding up a company it will tell you what to do.
Answer 2 :
Providing the company is solvent, you need to fill in form 652a and send it with a fee (£10 iirc) to Companies House. By law, you have to send a copy of the same form (no fee!) to everyone who is owed money by the company, including employees.
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I need to wind it up and don't have an accountant to help me. Thank you :)
Corporations - 2 Answers
People Answers, Critics, Comments, Opinions :
Answer 1 :
You need to contact Company House to find out what to do go to www.companieshours.gov.uk and click on winding up a company it will tell you what to do.
Answer 2 :
Providing the company is solvent, you need to fill in form 652a and send it with a fee (£10 iirc) to Companies House. By law, you have to send a copy of the same form (no fee!) to everyone who is owed money by the company, including employees.
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