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Name
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File
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Year end: |
Reviewed by: |
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Subject: Directors’ details |
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Objective |
To ensure that directors’ loans and details are fairly stated and properly disclosed |
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Method |
Obtain the latest Annual Return submitted to Companies House Agree the details of directors to the director’s report and company information page. Review the company details page on Companies’ House and scrutinise for any resignations or appointments during the year, and up to the date that the accounts are approved. Ensure they are disclosed in the directors’ report. Review the trial balance, aged debtors, aged creditors, other debtors, other creditors and cash book payments for evidence of payment made to directors. Ensure all are transferred to the directors’ loan account for each director. Agree transactions with the disclosure note ‘transactions with directors’ in the accounts, ensuring that the outstanding balances at the year end and the maximum liability during the year are properly disclosed. Ensure all remuneration to directors on wages records and P11D returns have been identified and disclosed in the notes to the accounts. Review the Companies Act Checklist for detailed disclosure of directors remuneration over £200,000. |
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Result |
Page ref: Comments: |
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Conclusion |
According to the audit work performed, the objective has been met/has not been met. Problems recorded: |
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©Lynnix (UK) Ltd 19
Oct 2007