Significant updates to FRS 102 will take effect for accounting periods starting on or after 1st January 2026. These changes, introduced by the Financial Reporting Council (FRC), bring UK financial […]

Late last year the UK government has announced significant changes to company size thresholds, which will take effect for financial years beginning on or after 6 April 2025. Updating audit […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]