Page 5. News

Published 24 August 2023. Some rules have changed since; ask us for the current position. An audit of financial statements is an independent examination carried out to express an opinion on whether the financial statements have been prepared in accordance with the applicable requirements. Its outcome is a formal auditor's report. How an audit is carried out An audit of the annual financial statements is done step by step. Auditors usually name several stages, the main ones being: preparation; analysis…

Published 24 August 2023. Some rules have changed since; ask us for the current position. Sound bookkeeping is an essential part of running a stable, successful business in any sector. Yet few entrepreneurs can handle their company's accounts on their own without specialist training. That is why almost every new business owner, and many experienced ones, sooner or later look for someone to provide reliable accounting services. Which accounting services for businesses do freelance accountants and firms most often offer? You can hand your bookkeeping…

In today's business world, where figures and data carry enormous weight, the annual financial statements have become a kind of business passport for a company. They show the organisation's financial position and serve as a key tool for analysis, planning and assessing long-term prospects. No wonder more and more companies and entrepreneurs turn to an audit of their annual financial statements to make their finances transparent and their data accurate. Transparency in business is good form and an essential part of lasting success. How do you achieve it in practice? An audit of the annual…

Want to take your business to the next level? Then it is time to bring IFRS into your work. In this article we explain what International Financial Reporting Standards are and why it makes sense to build your company's accounting around them. What IFRS reporting involves Under Ukrainian law, IFRS financial statements must be prepared by: Public-interest entities. Public joint-stock companies (PJSC, ПАТ). Companies in the extractive industries. Businesses engaged in activities on the list approved by the Cabinet of Ministers…

Accounting matters for every individual and company, and for an IT company keeping proper accounts is especially important. Did you know that you can use outsourcing instead of hiring a full-time employee? If not, read our guide to see all the benefits of this choice for your business. What makes accounting for IT companies special To begin with, accounting in IT companies has a number of specific features. Here are just a few: IT companies earn different types of income, and each is taxed in its own way. On top of that there is corporate income tax and a range of…