Deferred Tax By LedgerFusion Deferred tax assets and liabilities are accounting concepts that apply to private limited as well as limited companies, just as they do for other types of entities. These items are used to account for temporary differences between the accounting and tax treatment of certain transactions or events. Here's an explanation of... Continue reading→
Standardized Management Representation Letter Framework
A management representation letter is a formal document issued by a company's management to its auditors, usually during the audit engagement process. This letter serves as a written statement by management, confirming various representations, facts, and information related to the company's financial statements and its operations. The purpose of the management representation letter is to... Continue reading→