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Company reporting considerations for directors

Director responsibilities in relation to going concern

The impact of the Covid-19 outbreak is so pervasive that few businesses will emerge unscathed. As directors, you have a duty to consider the ability of the company to operate as a going concern for a period of at least 12 months from the date of sign off of the financial statements. In reaching this conclusion, you must now consider and disclose the impact of the Coronavirus on the company’s ability to remain in operational existence. This will give rise to the following financial reporting considerations:

New Audit Partner for Armstrong Watson Yorkshire

We are very pleased to announce that Ross Preston has joined the Yorkshire team as Audit and Assurance Partner.

Ross will play an integral role in the continuing development of Armstrong Watson’s services to family and privately owned businesses, as well as the not for profit sector, throughout the region.

Ross joins the audit team at a time of exceptional growth, with the firm having increased professional resource by 30% in the past 12 months to accommodate the business’ growing needs following a significant rise in the number of major new business wins.

AAT Ranking as 'Top Five Place to Kick-Start your Career'

AAT student magazine 20 ranked Armstrong Watson as one of the top 5 small firms in the UK in which to launch your career in accountancy.

New Audit & Assurance Director joins our growing Glasgow Team

Martin Johnston joins Armstrong Watson's Glasgow team as Audit and Assurance Director from KPMG.

An Added Value Audit

We have all heard many of the following phrases when discussing the requirement to have an audit:

‘We have to have one’

‘It’s just an overhead’

 ‘A necessary evil’

 ‘A box-ticking exercise’

But what if the audit process can really add ‘value’ to your business?

There are many ways in which an audit can really benefit you and your business, with just a few as follows:

Simon Turner promoted to Partner at Northallerton Office

We are pleased to announce that Simon Turner, Audit Director, has been promoted to the role of Partner.

Based at Armstrong Watson’s Northallerton office, Simon has played an integral part in the development of the firm’s audit practice across North Yorkshire and the North East.

Burning business questions at the top of everyone’s agenda

Whilst every business is unique, there are common issues and themes that affect businesses of all sectors, shape and size across our region. ­­

I’m always keen to hear from our clients and local business leaders about what’s top of their current agenda when it comes to business concerns. I thought I’d share with you just a few of the recent conversations (excluding Brexit!) we’ve been having as a firm with the business and clients we work alongside – and reassure you you’re not alone!

Tom Blandford Celebrates Winning Yorkshire Accountant of the Year

There were celebrations all round at Armstrong Watson on Thursday evening after the firm’s Legal Sector Director, Tom Blandford was awarded the coveted title of ‘Yorkshire Accountant of the Year’.

The Yorkshire Accountancy Awards are held annually and celebrate the achievements and successes of the region’s best and brightest accountancy practitioners.

Please Sir, I Want Some More

Your annual statutory audit offers many opportunities for added value, it's not a necessary evil of no benefit to the business

Can an audit really add value…?

A joined-up audit and advisory solution can increase the equity value of our business.