Written by Steven Collings, winner of Accounting Technician of the Year at the British Accountancy Awards 2011, this book deals with the significant changes auditing has undergone in recent years, due in large part to well-publicised corporate disasters such as Enron and Parmalat, which have shaken the profession. In response, many countries have replaced pre-existing domestic standards with International Standards on Auditing (ISAs) in an attempt to ensure that auditors throughout the world apply the same level of standards during all audit assignments, and that audit quality remains...

This fourth edition provides comprehensive guidance on how to apply UK GAAP to limited liability partnerships and takes readers through all the new requirements for LLP accounting as a result of the implementation of FRS 102. This will be effective for accounting periods beginning on or after January 1, 2015, and earlier if an entity chooses early adoption of FRS 102. The book is fully updated in line with the UK's SORP requirements to ensure that advisers are up to speed with all requirements in this complex area. It includes sets of pro-forma accounts (in particular in relation to the new...