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FRC issues tips for SMEs to help with materiality in audits
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FRC issues tips for SMEs to help with materiality in audits
standfirst: With the increasingly complex audit framework for SMEs, the regulator has issued tips on materiality, loans and role of external auditors to help negotiate the annual audit processThis is part of efforts by the Financial Reporting Council (FRC) to break down barriers with SMEs and their auditors, who frequently complain about the excessive audit requirements for smaller businesses and problems accessing audit services.This is the lat…
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