All About UK Accountancy
UK accountancy is somewhat different from American accountancy, in that there are more regulatory standards for accounting in the UK than in America. In America, companies must follow the Generally Accepted Accounting Principles (GAAP) set down by the Financial Accounting Standards Board. The UK uses the generally accepted accounting principles as a standard for accounting in UK companies. However, there are other guidelines accountants in the UK must consider.
All About CMAs
A CMA is a Certified Management Accountant. This is different from a Certified Public Accountant. A Certified Management Accountant is employed by a business firm or a not-for-profit organization, and deal with private accounting.
How to Prepare for a Tax Audit
There is no reason to be afraid of an audit if you have been ethical and truthful in your accounting methods. However, it is best to be prepared for an audit to make sure that it runs smoothly. Different types of audits require different preparation methods.