December 2, 2024

Key changes at Companies House: mandatory identity verification explained

In an important step towards strengthening corporate governance and reducing fraud, Companies House is set to roll out a new identity verification process. This measure aims to prevent the misuse […]
November 28, 2024

Invest 2035: Audit threshold changes to take effect from April 2025

On October 14th, Jonathan Reynolds, Secretary of State for Business and Trade, announced the UK’s ambitious ‘Invest 2035: The UK’s Modern Industrial Strategy’ through a newly published Green Paper. At […]
September 26, 2024

How to prepare for your first financial audit: tips for UK businesses

Preparing for your first financial audit can be daunting, but with the right approach, it can be a straightforward process that adds significant value to your business. Whether you’re required […]
August 8, 2024

Audits explained: understanding the process and its importance

In the dynamic business landscape, financial audits play a critical role in ensuring compliance, transparency, and operational efficiency. However, despite their importance, there’s often a misconception about the true purpose […]
July 25, 2024

Audits and Assurance: proposed increases to company size thresholds to take effect this October

At Verallo, we are dedicated to keeping you informed about critical updates in audit and assurance regulations that may impact your business. With the United Kingdom no longer bound by […]
May 30, 2024

Audit thresholds and criteria checklist

Almost ready for your first audit? In the UK, businesses must undergo an audit if they meet certain criteria. Generally, companies are required to have their accounts audited if they […]